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New Mexico

1095 e-file error

Form CIT-1, line 1. Taxable income before federal NOL and special deductions must equal line 28 of federal Form 1120. (1095)
This happens when New Mexico Form CIT-1, Page 2, line 1 doesn’t equal Federal Form 1120, Page 1, line 28 amount, or when the extension is either too early or too late to be filed.

Solution

  1. Go to the
    Organizer
    ,
    States
    ,
    State E-File
     folder.
  2. Select
    Enable/Create Returns
    , then go to the
    Federal Copy
     tab.
  3. If you have selected
    Attach a Federal located in a different locator/binder
     in
    Column B
    , look for that Federal return to compare the line items. Don't compare the one within this binder.
  4. Verify the values entered in the following path.
  5. Go to the
    Tax Forms
    ,
    Federal
    ,
    1120-US Corporation Income Tax Return
     folder.
  6. Select
    1120-US Corporation Income Tax Return
    , then go to
    Page 1
    ,
    Line 28
     must match with the New Mexico amount.
  7. Go to
    Tax Forms
    ,
    States
    ,
    New Mexico
     folder.
  8. Select
    CIT-1 - Tax Return
    , then go to
    CIT - 1 Pg 2
    ,
    Line 1
     amount.
  9. Do a full recompute, then recreate the e-file and resubmit.
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