PIT-B information

The PIT-B (New Mexico Allocation and Apportionment of Income Schedule) has the following input screens:
  • New Mexico Alloc
    screen, located in the
    Income & Adjustments
    folder in the NM input screens, is used to indicate that there's no commercial domicile in New Mexico for a nonresident return and to force the amounts that transfer to the PIT-B, Page 1, if the information needs to be adjusted. Information postal coded at the federal level should transfer to the PIT-B, Page 1, with no additional data entry required.
  • New Mexico Appt
    screen, located in the
    Income & Adjustments
    folder in the NM input screens, is used for PIT-B, Page 2. The
    Appt
    screen receives data transferred from the federal return for each Schedule C and Schedule F activity. If a business is 100% in state or 100% out-of-state and properly postal coded at the federal level, then no additional data entry is required. If a business or farm needs an apportionment based on the property, payroll, and/or sales factors, enter the data at the bottom of the form and the income is adjusted by these factors. If you only have 1 business or farm on the Federal return, then PIT-B, Page 2, prints if you apportion the income.
If you have more than 1 business, all data transfers to the new PIT-B, Page 2 Worksheet, which only shows the net income and Line 9 amounts for businesses that are 100% in or out-of-state and shows the factor calculation for any business or farm that needs to be apportioned. The total from the worksheet then transfers to the PIT-1, Line 9. If the worksheet prints, you'll need to paper file the return per the state instructions and Page 2 of the PIT-B doesn't print.
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