Form Cit-1 - New Mexico Corporate Income And Franchise Tax Return

*126380200*

2012 CIT-B

NEW MEXICO ALLOCATION OF NON-BUSINESS INCOME

Federal Employer Identification Number (FEIN)

SCHEDULE OF INCOME NOT DERIVED FROM THE TAXPAYER'S TRADE OR BUSINESS.

We cannot accept computerized schedules in lieu of completing this form. Round all dollar amounts.

Column 3

Column 4

Column 1

Column 2

(Column 1 less Column 2)

Allocation to New Mexico

Related Expenses

Gross Amount

1. Non-business Dividends

2. Non-business Interest

3. Non-business Rents

4. Non-business Royalties

5. Profit or Loss on Sale of Non-business Assets

6. Non-business Partnership Income

7. Other Non-business Income (attach schedule)

8. Net allocated income.

Enter here and on line 2 of CIT-A. (Add lines 1 - 7).......................................

9. Net New Mexico allocated income.

Enter here and on line 2 of CIT-C. (Add lines 1 - 7)........................................................................................................

2012 CIT-C

COMPUTATION OF NEW MEXICO PERCENTAGE

This schedule must be used by taxpayers who completed CIT-A, CIT-B, or both.

1. New Mexico net taxable income (From Line 9, CIT-1, page 2).................................................................................

2. New Mexico allocated income (From Line 9, column 4, CIT-B)................................................................................

3. New Mexico apportioned income (From Line 4, CIT-A)............................................................................................

4. Subtotal (Add lines 2 and 3)......................................................................................................................................

5. New Mexico percentage (Divide line 4 by line 1 and multiply by 100; cannot be less than -0- or more than 100%).

_ _ _._ _ _ _

Enter here and on line 11, CIT-1, Page 2...........................................................................................................................

2012 CIT-D

NEW MEXICO FOREIGN DIvIDEND DEDUCTION SCHEDULE

1. Foreign dividend gross-up (From federal Form 1120, Schedule C)..........................................................................

SEPARATE CORPORATE ENTITY FILERS ONLY: COMPLETE LINES 2 THROUGH 4 (See instructions)

2. 70% of dividends and Subpart F income received from less than 20% owned foreign

corporations and reported on federal Form 1120, Schedule C..................................................................................

3. 80% of dividends and Subpart F income received from corporations of which the

taxpayer owns at least 20% of the stock of such corporation (by vote and value)

but less than 80%. (From federal Form 1120, Schedule C)......................................................................................

4. 100% of dividends and Subpart F income received from 80% or more owned

foreign corporations included on federal Form 1120, Schedule C.............................................................................

5. Total New Mexico deduction - (Add lines 1 through 4; also enter on line 8, CIT-1)...................................................

Form Cit-1 - New Mexico Corporate Income And Franchise Tax Return - 2012 Page 4

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