Form Pte-1 - Income Taxable To Owners - 2007 Page 2
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1
22007 PTE-B
*77380200*
Allocated Non-business Income Taxable to Owners
Federal Employer Identification Number (FEIN)
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olumn
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1
1.
Net non-business dividends ................................................................................................
2
2.
Net non-business interest ....................................................................................................
3
3.
Net non-business rents (loss) ..............................................................................................
4
4.
Net non-business royalties ..................................................................................................
5
5.
Net non-business profit sale of assets (loss) .......................................................................
6
6.
Net non-business partnership income (loss) .......................................................................
7
7.
Other net non-business income (loss) .................................................................................
8
8.
Total allocated income (Add lines 1 through 7; enter on PTE-1, line7) ...............................
9
9.
Total New Mexico allocated income (Add lines 1 through 7; enter on PTE-1, line 11) ........
2007 PTE-C
Allocated and Apportioned Income Taxed to S Corporations
Complete this section if you are an S corporation that has federal taxable income.
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Capital Gains
verywhere
.
.
1A. Net capital gains (From Schedule D, of Federal Form 1120S)
1A
See Instructions for allocation rules. ...........................................................................
1B. Percentage of New Mexico capital gains
(Line 1A, column 2 divided by line 1A, column 1) .................................. ________%
If column 2 equals or exceeds column 1, enter 100%
.
.
1C. $25,000 Exclusion: Enter $25,000 in column 1
1C
Multiply $25,000 by line 1B. Enter the result in column 2...........................................
.
.
1D
1D. SUBTRACT line 1C from line 1A. ................................................................................
.
.
2.
Passive Income
2
Excess net passive income (From worksheet for line 22a. in instructions for 1120S). ........
.
.
3
3.
Net recognized built-in gain (From Schedule D, Federal Form 1120S) ...............................
.
.
4
4.
Total (Add lines 1D, 2 and 3) ...............................................................................................
.
5.
New Mexico percentage (Divide line 4, column 2 by line 4, column 1 and multiply by 100).
___ ___ ___
___ ___ ___ ___ %
5
Enter on line 3 of the PTE ..................................................................................................
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