Form Fid-1 - New Mexico Fiduciary Income Tax Return

Form Fid-1 - New Mexico Fiduciary Income Tax Return - 2011 Page 4

2011 NEW MEXICO FID-b schedule 2

BUSINESS INCOME APPORTIONMENT FORMULA

FEIN of estate or trust

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

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.