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How to use or fill out tax-brackets newmexicotaxformsform-pit-bNew Mexico Allocation & Apportionment of Income Schedule with our platform
- Click ‘Get Form’ to open the New Mexico Allocation & Apportionment of Income Schedule in the editor.
- Begin by entering your Social Security Number and printing your full name in the designated fields.
- For residency periods, fill in the 'From' and 'through' dates for both you and your spouse if applicable. If there are additional periods, note them below.
- In Section I, allocate nonbusiness income by filling out lines 1 through 7 with the appropriate amounts from your federal income.
- Proceed to Section II for apportionment of business and farm income. Complete line 8 using the worksheet provided on page 2.
- Add lines 1 through 8 and enter the total on line 9. Then, follow instructions for federal adjustments on lines 10 and 11.
- Finally, calculate the necessary tax using line 12 and complete line 14 before saving or exporting your filled form.
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