Form Pte-1 - Income Taxable To Owners - 2008
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1
22008 PTE - 1
Income Taxable to Owners
*87190100*
Federal Employer Identification Number (FEIN)
COMPUTATION OF NET INCOME TAXABLE TO OWNERS
1
00
1.
Ordinary income (loss) from Federal Form 1065 or 1120S, Schedule K .....................................................
2
2.
Other income (loss) from Federal Form 1065 or 1120S, Schedule K .........................................................
00
3
3.
Interest income from municipal bonds (Excluding New Mexico bonds) ......................................................
00
4
4.
Subtotal of lines 1 through 3 ........................................................................................................................
00
5
00
5.
Interest from U.S. government obligations or federally taxed New Mexico bonds ......................................
6
00
6.
Allowable deductions from Schedule K .......................................................................................................
7
7.
Allocated income (From PTE-B, column 1, line 8) ......................................................................................
00
8
00
8.
Apportionable income (Subtract lines 5, 6 and 7 from line 4) ......................................................................
9
%
_ _ _ . _ _ _ _
9.
Average New Mexico percentage (From PTE-A, line 5) .............................................................................
10
10. New Mexico apportionable income (Multiply line 8 by line 9) ......................................................................
00
11
11. New Mexico allocated income (From PTE-B, column 2, line 9) ..................................................................
00
12
00
12. New Mexico taxable income (Add lines 10 and 11; enter on line 1, PTE-D) ...............................................
2008 PTE-A
New Mexico Apportionment Factors
C
1
P
C
2
olumn
erCent
olumn
e
n
m
n
m
PROPERTY FACTOR
verywhere
within
ew
exiCo
within
ew
exiCo
Average annual value of inventory .........................................................
00
00
00
00
Average annual value of real property ...................................................
00
Average annual value of personal property ............................................
00
00
00
Rented property (annual rental value times 8) .......................................
00
00
Total Property ........................................................................................
_ _ _ . _ _ _ _
%
1
1.
Property factor (Divide column 2 by column 1 and multiply by 100) ...............................................................................
PAYROLL FACTOR
00
Total compensation of employees ...........................................................
00
_ _ _ . _ _ _ _
%
2
.
..........................................................................
2
Payroll factor (Divide column 2 by column 1 and multiply by 100)
SALES FACTOR
00
00
Gross receipts .........................................................................................
%
_ _ _ . _ _ _ _
3
............................................................................
3.
Sales factor (Divide column 2 by column 1 and multiply by 100)
%
_ _ _ . _ _ _ _
4
4.
TOTAL FACTORS (Add lines 1, 2 and 3) ..........................................................................................................................
4a. The entity submitted written notification of its election to apportion business income utilizing the
four-factor method for the tax year ending ______/______/______.
Date election was made ______/______/______ (see instructions).
5.
AVERAGE PERCENT (Divide the factor on line 4 by the number of factors computed above;
%
_ _ _ . _ _ _ _
5
enter on PTE-1, line 9). ....................................................................................................................................................
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