New Mexico Allocation & Apportionment of Income Schedule

Allocation & Apportionment of Income Schedule
Form PIT-B
2023 PIT-B

*230580200*

NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE

YOUR SOCIAL SECURITY NUMBER

Print your name (first, middle, last)

Taxpayers who allocate and apportion income from both inside and outside the State of New Mexico must complete this schedule. Please refer to the
instructions when completing this schedule. Include the Schedule PIT-B with your personal income tax return, Form PIT-1.	
For first-year and part-year resident taxpayers, enter the period of residency.

A.

From

B.

through

If your spouse's residency period is different, enter the period of residency
for your spouse. If additional periods of residency apply, write them in the
space below this line.

C.

From

D.

through

If the taxpayer or spouse is a military servicemember's spouse qualifying for relief under the Military Spouse
Residency Relief Act, is not a resident of New Mexico, and is allocating income from services performed in New
Mexico to their state of residence, mark the appropriate box.

Taxpayer

Spouse

E.

F.

NOTE: Resident taxpayers including persons physically present in New Mexico 185 days or more,
must allocate all income and deductions on lines 1, 2, 3, and 7 in full to New Mexico.

SECTION 1: ALLOCATION OF NONBUSINESS INCOME
1.	 Wages, salaries, tips, etc. If non-resident military .personnel, see PIT-B instructions. ..........	
1a. If you used Form PIT-110 to calculate line 1, Column 2, mark this box.................. 1a
2.	 Nonbusiness interest and dividends. Include difference from Schedule PIT-ADJ,
line 1 minus line 6. ...............................................................................................................
3.	 Pensions, annuities, social security, and lump-sum .distributions .........................................
4.	 Rents and royalties................................................................................................................
5.	 Gains or losses from the sale or exchange of property ........................................................
6.	 Income or losses from pass-through entities.........................................................................
7.	 All other income not included in lines 1 through 6 and line 8 ................................................

Column 2
New Mexico Income

Column 1
Total Federal Income
1

	

2
3
4
5
6
7

SECTION 2: APPORTIONMENT OF BUSINESS AND FARM INCOME (For line 8. If none, go to line 9.)
8.	 Business and farm income. To determine the amount .for Column 2, complete
	 worksheet PIT-B, page 2. See the instructions......................................................................
9.	 ADD lines 1 through 8 and enter the amount here.................................................................
10. Federal adjustments to income. In Column 1, enter the figure from federal Schedule 1,
line 22. For Column 2, see the PIT-B instructions................................................................ 	
11.	Total income. Line 9 minus line 10. Column 1 must be equal to or
	 greater than Federal Adjusted Gross Income (Form PIT-1, line 9) .................................
	
If non-resident military personnel, see the PIT-B instructions.

8
9

10
11

12.	DIVIDE the amount on line 11, Column 2 by the amount on line 11, Column 1, showing 4 decimal places.
	 (Cannot be less than zero. If greater than 1, enter 100.0000.)............................................................................................

12

13. Using the tax rate tables, find the tax applicable to PIT-1, line 17. If an amount for tax on lump-sum
	distributions .is shown on PIT-1, line 19, add it to the tax and enter the result here.........................................................

13

14.	MULTIPLY line 12 by line 13. Enter the amount here and on PIT-1, line 18, and then in the box on PIT-1, line 18a,
	mark B to indicate the tax came from PIT-B....................................................................................................................

14

_ _ _ . _ _ _ _%

2023 PIT-B

*230590200*

(page 2)
NEW MEXICO ALLOCATION AND APPORTIONMENT
OF INCOME SCHEDULE

YOUR SOCIAL SECURITY NUMBER

BUSINESS NAME

BUSINESS TAX IDENTIFICATION NUMBER

G.

H.

FEIN

I.

NMBTIN

WORKSHEET FOR APPORTIONMENT OF BUSINESS AND FARM INCOME
Complete a worksheet for each business or farm.
See worksheet instructions for definitions relating to the apportionment factors below.

1.	

PROPERTY FACTOR

	
a.	
		
		

Average value of real and tangible .personal property
owned or rented by .the taxpayer and used during the
tax period............................................................................ 1a

Column 1
Total Everywhere

Column 2
New Mexico

DIVIDE Column 2 by Column 1, showing 4 decimal places............................................................................................ 1b

Column 3
Factor

_ _ _ . _ _ _ _%

	

b.	

2.	

PAYROLL FACTOR

	

a.	

Compensation paid by taxpayer........................................

	

b.	

DIVIDE Column 2 by Column 1, showing 4 decimal places............................................................................................ 2b

3.	

SALES FACTOR

	

a.	

Total sales, excluding non-business income...................... 3a

	

b.	

_
DIVIDE Column 2 by Column 1, showing 4 decimal places............................................................................................ 3b

4.	
	
	

Total of lines 1b, 2b, and 3b.................................................................................................................................................... 4
a.	

5.	

DIVIDE line 4 by the number of factors entered in line 4a, showing 4 decimal places........................................................... 5

2a

_ _ _ . _ _ _ _%

_ _ . _ _ _ _%

_ _ _ . _ _ _ _%

Count of factors.................................................................... 4a

_ _ _ . _ _ _ _%

MULTIPLY the line 8, Column 1 amount on PIT-B, page 1 by the decimal amount on line 5 of this worksheet. Enter the result on PIT-B, page 1,
line 8, Column 2. If you have more than one business or farm, complete a worksheet for each business or farm, calculate the result for each business or farm, and enter the sum of the results on PIT-B, line 8, Column 2. Attach a worksheet for each business or farm to your PIT-1 and PIT-B.

Have you changed your reporting of any class or type of allocated or apportioned income from the way it was reported in
a prior taxable year?
Yes
No
This entity submitted written notification of its election to use one of the special methods of apportionment of business
	

income for tax year ending _______________. The effective date of the election is ______________.
J.

K.

Month/Day/Year

Mark the box indicating the special method elected. 		

Manufacturers		

Month/Day/Year

See instructions.

Headquarters Operation