Form Fid-1 - New Mexico Fiduciary Income Tax Return

Form Fid-1 - New Mexico Fiduciary Income Tax Return - 2010 Page 4

2010 NEW MEXICO FID-B Schedule 2

BUSINESS INCOME APPORTIONMENT FORMULA

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.

SEE INSTRUCTIONS BEFORE COMPLETING THIS SCHEDULE

Column 1

Column 2

Percent

within New Mexico

everywhere

PROPERTY FACTOR

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

Average annual value of real and personal property ............................

Rented property (Annual rental value times eight) ...............................

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

Property factor (Total property, column 2 divided by column 1) .....................................................................................

PAYROLL FACTOR

Wages, salaries, commissions and other compensation

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

Payroll factor (Column 2 divided by column 1) ...............................................................................................................

SALES FACTOR

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

Sales factor (Column 2 divided by column 1). ..............................................................................................................

Total percent (Add lines 1, 2 and 3) ...............................................................................................................................

AVERAGE PERCENT (DIVIDE LINE 4 BY 3. If one or more of the factors is excluded,

divide by the number of factors present). ......................................................................................................................

Each percentage above must be calculated to two decimal places (example 22.46%).

If you are a manufacturer who has elected to use the Section 7-4-10(B) method of apportionment,

enter the tax year end for which the election was first effective,

____________________

Month/Year

and see instructions for adjustments to lines 3 and 5.