Form Pit-B - Allocation And Apportionment Of Income Schedule - 2016
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1
22016 PIT-B
*160580200*
NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE
YOUR SOCIAL SECURITY NUMBER
Print.your.name.(first,.middle,.last)
Taxpayers who allocate and apportion income from both inside and outside the State of New Mexico must complete this schedule. Please refer to the
instructions when completing this schedule. Include the Schedule PIT-B with your personal income tax return, Form PIT-1.
For.first-year.and.part-year.resident.taxpayers,.enter.the.period.of.residency.......
. From
. through
A
B
If your spouse's residency period is different, enter the period of residency
. From
. through
for your spouse. If additional periods of residency apply, write them in the
C
D
space below this line.
Taxpayer
Spouse
If the taxpayer or spouse is a military servicemember's spouse qualifying for relief under the Military Spouse
Residency Relief Act, is not a resident of New Mexico, and is allocating income from services performed in New
.
.
E
F
Mexico to their state of residence, mark the appropriate box.
NOTE: R
185
EsidENT TaxpayERs iNcludiNg pERsONs physically pREsENT
days OR mORE iN NEw mExicO musT allOcaTE all iNcOmE
1, 2, 3,
7
N
m
.
aNd dEducTiONs ON liNEs
aNd
iN full TO
Ew
ExicO
ALLOCATION OF NONBUSINESS INCOME
Column 2
Column 1
Total Federal Income
New Mexico Income
1. Wages, salaries, tips, etc. If non-resident military personnel, see PIT-B instructions. ..........
1
1a.
..................
If you used Form PIT-110 to calculate line 1, Column 2, mark this box
1a
2. Interest and dividends. Include difference from Schedule PIT-ADJ, line 1 minus line 6. ......
2
3. Pensions, annuities, social security, and lump-sum distributions .........................................
3
4. Rents and royalties................................................................................................................
4
5. Gains or losses from the sale or exchange of property ........................................................
5
6. Income or losses from pass-through entities.........................................................................
6
7. All other income not included in lines 1 through 6 and line 8 ................................................
7
APPORTIONMENT OF BUSINESS AND FARM INCOME (For line 8. If none, go to line 9.)
8. Business and farm income. To determine the amount for Column 2, complete
worksheet PIT-B, page 2. See the instructions......................................................................
8
9. ADD lines 1 through 8 and enter the amount here................................................................
9
10. Federal adjustments to income. In Column 1, enter . t he.figure.from. federal Form 1040,
10
line 36, or 1040A, line 20. For Column 2, see the PIT-B instructions . . . ..................................
11. Total income. Line 9 minus line 10. Column 1 must be equal to or
11
greater than Federal Adjusted Gross Income (Form PIT-1, line 9) .................................
If non-resident military personnel, see the PIT-B instructions.
12. DIVIDE the amount on line 11, Column 2 by the amount on line 11, Column 1, showing 4 decimal places.
_ _ _ . _ _ _ _
%
12
(Cannot be less than zero. If greater than 1, enter 100.0000.)............................................................................................
13..Using.the.tax.rate.tables,.find.the.tax.applicable.to.PIT-1,.line.17..If.an.amount.for.tax.on.lump-sum.
13
distributions is shown on PIT-1, line 19, add it to the tax and enter the result here.........................................................
14. MULTIPLY line 12 by line 13. Enter the amount here and on PIT-1, line 18, and then in the box on PIT-1, line 18a,
mark B to indicate the tax came from PIT-B....................................................................................................................
14
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