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Screen NMNRPY - New Mexico Nonresident and Part-year Data (1040)

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Overview

Use this screen to enter information specific to part-year and nonresident returns.
note
This screen only appears if you mark the state return as a part-year or nonresident return. To do so, select
File
,
Client Properties
, the
New Mexico
 tab and verify the applicable Part-year Resident or Nonresident option is selected.

General Information

Use this section to enter information specific to part-year and nonresident returns.
Separate resident filing status
Use these fields only when filing a return where the taxpayer and spouse don't have the same filing status. All items at the federal level need to be postal coded to properly calculate taxable income. These fields only affect the residency status checkboxes on Form PIT-1, Page 1. They don't affect any calculations on the tax returns.
Dates of residency
Enter dates of residency for both the taxpayer and spouse. Dates must be entered in these fields for part-year residents in order to determine the length of residency to complete parts of Form PIT-RC. Dates must also be entered in these fields by all nonresident and part-year resident taxpayers who are required to complete Form PIT-B.
For a nonresident return that meets all the conditions listed below, UltraTax CS automatically determines if Form PIT-B or Schedule CC provides the lowest tax liability, and the appropriate form is produced. The conditions are as follows:
  • Has no business activities in New Mexico other than sales,
  • Doesn't own or rent real estate in New Mexico, and
  • Has annual gross sales in or into New Mexico of $100,000 or less.
Gross sales in or into New Mexico (Force)
Use this field to override the calculated amount of New Mexico gross sales. The amount entered here is used to calculate the New Mexico Schedule CC.
Elect to compute tax on gross royalty income / Calculated gross royalties
A nonresident taxpayer whose only New Mexico income is gross royalties under $5,000 should mark this field to indicate that the New Mexico tax should be calculated using only gross royalty income. UltraTax/1040-NM automatically enters
Y
 on Form PIT-1.
Gross royalties (Force)
Use this field to enter an amount different than the calculated amount.
Nonresident military wages (Force)
Use this field to enter an amount different than the calculated amount. Amounts entered here will be used on the New Mexico Form PIT-B, line 1, column 1. This amount should reflect the federal adjusted gross income less any military wages or salary earned by a nonresident service member that was included in federal adjusted income and reported on Form PIT-1, line 9.
Nonresident military servicemember’s spouse
Use this field to indicate which spouse qualifies for the New Mexico nonresident military servicemember’s spouse exclusion.
Income qualifying for the military spouse exclusion
Enter the amount of the New Mexico earned income eligible to be excluded by the spouse of nonresident military service member.

AGI Worksheet State Amounts

Use this section to enter an amount different from the calculated amounts in the State Amount columns of the New Mexico AGI Worksheet.
Schedule D (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amount columns of the New Mexico AGI Worksheet for the Capital gain / loss line. UltraTax CS automatically calculates the in-state amounts of Capital gain / loss.
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Schedule D related items. Returns with PAL and basis adjustments, and PAL and capital loss carryovers should be reviewed for Schedule D as well as Form 4797 in-state amounts.
Form 4797 (Force)
For part-year and nonresidents returns, use these fields to enter an amount different from the calculated amount in the State Amounts columns of the New Mexico AGI Worksheet for the Other gain / loss line. UltraTax CS automatically calculates the in-state amounts for federal Form 4797, Part II.
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Form 4797, Part II related items. Returns with PAL and basis adjustments should be reviewed for Form 4797 and Schedule D in-state amounts.
Schedule E (Force)
For part-year and nonresidents returns, use these fields to enter an amount different from the calculated amount in the State Amounts columns of the New Mexico AGI Worksheet for the Rents, royalties line. UltraTax CS automatically calculates the in-state amounts for federal Schedule E.
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Schedule E related items. Returns with PAL, basis, and at-risk adjustments should be reviewed for Schedule E in-state amounts.
Net operating loss carryover
For part-year and nonresident returns, use these fields only when completing the State Amounts columns of the New Mexico AGI Worksheet for the net operating loss carryover included in the Other income line.
UltraTax CS defaults the amount of net operating loss carryover in the Federal Amounts column to the taxpayer when the federal filing status is married filing joint. The portion of the federal net operating loss carryover applicable to this state should be entered in the
Net operating loss carryover Taxpayer
 and
Spouse
 fields.

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