Name and title of fiduciary
Federal EIN 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 OF NEW MEXICO.
SEE INSTRUCTIONS BEFORE COMPLETING THIS SCHEDULE
If you have elected to use the Section 7-4-10.A method of apportionment,
enter the taxable year end for which the election was first effective ________________________
Column 1
Column 2
Percent
Everywhere
within New Mexico
within New Mexico
PROPERTY FACTOR
Average annual value of inventory ........................................................
Average annual value of real and personal property .............................
Rented property (annual rental value times eight) .................................
Total Property ........................................................................................
.
%
1
1.
Property Factor (total property, column 2 divided by column 1) .......................................................................................
PAYROLL FACTOR
Wages, salaries, commissions and other compensation
of employees related to apportionable income ......................................
.
%
2
2.
Payroll Factor (column 2 divided by column 1) ................................................................................................................
SALES FACTOR
Gross receipts ......................................................................................
.
%
3
3.
Sales factor (column 2 divided by column 1). (See Note 1 below) ............................................................. .....................
4
.
%
4.
Total percent (ADD lines 1, 2 and 3) ................................................................................................................................
5.
AVERAGE PERCENT (line 4 divided by 3, or, if one or more of the factors is excluded
5
.
%
divided by the number of factors present). (See Note 1 below) ......................................................................................
Each percentage above must be calculated to two decimal places (example 22.46%)
Note 1: See instructions on page 4 for adjustments to these lines if you are a qualified manufacturer who has elected to use the Section 7-4-10.A
method of apportionment.