Screen NMGen - New Mexico Adjustments, Apportionment, Amended Return (1041)

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Additions, Deductions, and Modifications

Deductions: New Mexico net operating loss deduction
Enter the net operating loss deduction allowable in New Mexico, from all sources. If the estate or trust has income from both S corporations and other sources, enter the net operating loss deduction from electing small business trust sources in the
ESBT / QSST (Force)
field.

Form FID-B Apportionment

Property factors: Average annual value of inventory (Force) / … / Sales factor (Force)
Enter the apportionment factor amounts to be used on Form FID-B, Schedule 2. Enter the amounts for both inside and outside New Mexico in the
Everywhere
fields. In the
New Mexico
fields, enter the amounts for each applicable factor inside New Mexico only.

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