Form Fid-1 - New Mexico Fiduciary Income Tax Return

2010 NEW MEXICO FID-B Schedule 1

COMPUTATION OF NEW MEXICO PERCENTAGE

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

FEIN of estate or trust

THIS SCHEDULE MUST BE COMPLETED BY ESTATES OR TRUSTS HAVING INCOME FROM BOTH INSIDE AND OUTSIDE NEW MEXICO.

NOTE: The separate accounting method may not be used by a business in New Mexico.

Column 2

Column 1

Column 3

Column 4

less related expenses/

gross

distributions

net

allocation to New Mexico

Dividends ...........................................................

Interest (Include non-New Mexico municipal

bond interest) ....................................................

Income from other fiduciaries, S corporations,

partnerships and limited liability entities............

Rents and royalties ............................................

Profit or loss from the sale or exchange of

assets ................................................................

Net business and farm income (Complete

Form FID-B, Schedule 2) .................................

Other income (Attach schedule) ........................

Total of lines 1 through 7....................................

8a. Calculate allocation percentage for deductions (divide line 8, column 4 by line 8,

columm 3. Resulting fraction is used to calculate column 4, lines 9-11).................................

Deduction for exemption ..........................................................................................................

10. Deduction for distributions not shown above ............................................................................

11. Other deductions (Attach schedule) .........................................................................................

12. Total of lines 9 through 11 ........................................................................................................

13. Taxable income of estate or trust (Subtract line 12 from line 8) ...............................................

14. Income from lump-sum distributions (Attach federal Form 4972) ............................................

15. Total income (Add lines 13 and 14) ..........................................................................................

16. New Mexico percentage of income (Divide line 15, column 4 by line 15, column 3). Calculate to two

decimal places (Example: 22.46%). Enter here and on line 6 of FID-1 .............................................................................. 16

Form Fid-1 - New Mexico Fiduciary Income Tax Return - 2010 Page 3