Form Pit-B - New Mexico Allocation And Apportionment Of Income Schedule 2005
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22005 PIT-B
*50580200*
NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE
This schedule must be completed by taxpayers who allocate and apportion income
from both within and outside the State of New Mexico. Please refer to instructions.
Include the Schedule PIT-B with your Personal Income Tax Return, Form PIT-1.
YOUR SOCIAL SECURITY NUMBER
-
-
-
-
Print your name (first, middle, last)
SPOUSE'S SOCIAL SECURITY NUMBER
-
-
Print your spouse's name (first, middle, last)
For first-year and part-year resident taxpayers, enter the period of residency:
From _________________, through ________________.
Attach a schedule if more than one period of residency applies.
NOTE: R
185
ESIDENT TAXPAYERS INCLUDING PERSONS PHYSICALLY PRESENT
DAYS OR MORE IN THIS STATE MUST ALLOCATE ALL INCOME AND
1, 2, 3
7
N
M
.
DEDUCTIONS ON LINES
AND
IN FULL TO
EW
EXICO
ALLOCATION OF NONBUSINESS INCOME
Column 1- Total Federal Income
Column 2 - New Mexico Income
1. Wages, salaries, tips, etc.
(If nonresident military personnel, see PIT-B
1
0 0
0 0
instructions.) ................................................................
2. Interest and dividends (Line 17 of Schedule
PIT-ADJ minus line 1 of Schedule PIT-ADJ) ..............
2
0 0
0 0
3. Pensions, annuities, Social Security and lump-sum
distributions ..................................................................
3
0 0
0 0
4. Rents and royalties ......................................................
4
0 0
0 0
5. Gains or losses from the sale or exchange
5
0 0
0 0
of property ....................................................................
6. Income or losses from pass-through entities .............
6
0 0
0 0
7. All other income not included in lines 1 - 6
and lines 8 and 9 ..........................................................
7
0 0
0 0
8. Net operating loss carryforward
(See PIT-B instructions) ..............................................
0 0
0 0
8
APPORTIONMENT OF BUSINESS INCOME (If no business income, go to line 10.)
9. Business and farm income
(Complete worksheet on page 2; see instructions.) ..
9
0 0
0 0
10. ADD lines 1 - 9 and enter the amount here ................
10
0 0
0 0
11. Federal adjustments to income: For column 1 enter
figure from line 36, federal Form 1040 or line 20,
,
1040A. For column 2 see PIT-B instructions ..............
11
0 0
0 0
12. Total income (Line 10 minus line 11); column 1 must
be equal to or greater than Federal Adjusted
,
,
,
12
0 0
0 0
Gross Income (Line 6, Form PIT-1.) .......................
,
(If nonresident military personnel, see PIT-B instructions.)
13. DIVIDE amount on line 12, column 2 by amount on line 12, column 1. Compute to 3 decimal places.
.
__.__ __ __
(Cannot be less than zero. If greater than 1, enter 1.000.) ...................................................................................................... 13
14. Using the Tax Rate Tables, find the tax applicable to line 12, Form PIT-1. If an amount is shown on
14
0 0
line 14, Form PIT-1, add this amount to the tax and enter the result here. .........................................
,
,
15. MULTIPLY line 13 by line 14. Enter the amount here and on line 13 of Form PIT-1 ...........................
15
0 0
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