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Click ‘Get Form’ to open the PIT-B in the editor.
Begin by entering your Social Security Number and printing your full name (first, middle, last) at the top of the form.
For residency details, specify your period of residency in New Mexico. If applicable, provide your spouse's residency period as well.
In the 'Allocation of Nonbusiness Income' section, fill in your total federal income for each category such as wages, interest, and pensions in Column 1. Then enter the corresponding New Mexico income in Column 2.
Complete the 'Apportionment of Business and Farm Income' section if you have business income. Use the worksheet provided on page 2 to calculate amounts for Column 2.
Finally, review all entries for accuracy before saving or exporting your completed PIT-B form directly from our platform.
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The Form PIT-B, New Mexico Allocation and Apportionment of Income Schedule separates New Mexico income so tax liabilities can be distributed appropriately.
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