Form Fid-1 - New Mexico Fiduciary Income Tax Return

*168190200*

2016 FID-b schedule 2

BUSINESS INCOME APPORTIONMENT FORMULA

Name of estate or trust as shown on Form FID-1, page 1

FEIN of estate or trust

EsTATEs OR TRUsTs WITh INCOME FROM bOTh INsIDE AND OUTsIDE NEW MEXICO MUsT COMPlETE ThIs sChEDUlE.

sEE INsTRUCTIONs bEFORE COMPlETING ThIs sChEDUlE.

Calculate each percentage below to

four decimal places; for example, 22.6246%.

Column 1

Column 2

Percent

PROPERTY FACTOR

Inside New Mexico

Everywhere

Average annual value of inventory .....................................................

Average annual value of real property ...............................................

Average annual value of personal property ........................................

Rented property. Multiply annual rental value by 8............................

Total property ......................................................................................

_ _ _ . _ _ _ _

1. Property factor. Divide Total property, Column 2 by Column 1 ...........................................................................................

PAYROll FACTOR

Wages, salaries, commissions, and other compensation

of employees related to apportionable income .....................................

_ _ _ . _ _ _ _

2. Payroll factor. Divide Column 2 by Column 1 .................................................................................................................

sAlEs FACTOR

Gross receipts......................................................................................

_ _ _ . _ _ _ _

3. sales factor. Divide Column 2 by Column 1 ....................................................................................................................

_ _ _ . _ _ _ _

TOTAl FACTORs

. Add lines 1, 2, and 3 ..................................................................................................................

Average New Mexico Percentage

. Divide line 4 by 3. If one or more of the factors is excluded,

_ _ _ . _ _ _ _

divide by the number of factors used to calculate line 4. .....................................................................................................

Have you changed your reporting of any class or type of allocated or apportioned income from the way it was reported in

a prior taxable year?

Yes

This entity submitted written notification of its election to use one of the special methods of apportionment of business

income for tax year ending _______________. The effective date of the election is ________________.

See instructions.

Month/Day/Year

Mark the box indicating the special method elected. Manufacturers Headquarters Operation