Form Fid-1 - New Mexico Fiduciary Income Tax Return

2004 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

Federal EIN 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 4

Column 3

less related expenses/

gross

allocation to New Mexico

net

distributions

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

Interest (Include non-New Mexico municipal bond interest)

Income from other fiduciaries, S corporations, partner-

ships and limited liability entities .........................................

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

Profit or loss from the sale or exchange of assets ..........

Net operating loss carryover (Enter as positive amount)

(From FID-1, page 2, line 4) ................................................

Net business and farm income (Complete Form FID-B,

Schedule 2) ........................................................................

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

Total of lines 1 through 8 ....................................................

9a. Calculate allocation percentage for deductions (Divide

line 9, column 4 by line 9, column 3. Resulting fraction is

used to calculate column 4, lines 10-12) .............................................................................................

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

11. Deduction for distributions not shown above ....................................................................................

12. Other deductions (Attach schedule) ..................................................................................................

13. Total of lines 10 through 12 .................................................................................................................

14. Taxable income of estate or trust (Subtract line 13 from line 9) ........................................................

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

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

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

decimal places (Example: 22.46%). Enter here and on line 7 of FID-1 .................................................................................

Form Fid-1 - New Mexico Fiduciary Income Tax Return - 2004 Page 3