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New Mexico Information Return for Pass-Through Entities
Form PTE-NM (Obsolete) is obsolete, and is no longer supported by the New Mexico Department of Revenue.
Extracted from PDF file 2018-new-mexico-form-pte-nm.pdf, last modified September 2018Information Return for Pass-Through Entities
2018 PTE New Mexico Information Return *187080200* for Pass-Through Entities Taxpayer's name 1a Mailing address (Number and street) 2a City State Postal/ZIP code 3a If foreign address, enter country Foreign province and/or state 3b CHECK ONE: 4a Federal Employer Identification No. (Required) 5a 6a Amended NAICS Code (Required) New Mexico CRS Identification No. (If Applicable) 5b Tax Year Beginning 4b Original Return 5c Tax Year Ending Extended Due Date 6b DEPARTMENT USE ONLY 6c A. State where organized _______________________________________ C. Date business began in New Mexico _______ / _______ / __________ B. Date of organization _______ / _______ / __________ D. Date terminated in New Mexico _______ / _______ / __________ Section 1. Tax Withheld from Pass-Through Entity (PTE) Income 1. Tax withheld from oil and gas proceeds received. (Attach 1099-Misc or Form RPD-41285)......... 2. Tax withheld on PTE allocable net income. (Attach 1099-Misc or Form RPD-41359)................... 3. Amount from lines 1 and 2 passed to owners (Reported on Form RPD-41367)........................ 4. Subtotal. Subtract line 3 from the sum of lines 1 and 2..................................................... 5. Refund of overpayment of tax withheld (Attach Form RPD-41373)........................................... Section 2. Computation of Net Income Taxable to Owners 6. Ordinary income (loss) from federal Form 1065, Schedule K............................................ 7. Other income (loss) from federal Form 1065, Schedule K................................................. 8. Interest income from municipal bonds, excluding New Mexico bonds............................... 9. Subtotal of lines 6, 7, and 8.............................................................................................. 10. Interest from U.S. government obligations or federally-taxed New Mexico bonds............ 11. Allowable deductions from Schedule K.............................................................................. 12. Allocated income (from PTE-B, line 8, column 1).............................................................. 13. Apportionable income. Add lines 10, 11, and 12, then subtract from line 9....................... 14. Average New Mexico percentage (from PTE-A, line 5)..................................................... 15. New Mexico apportionable income. Multiply line 13 by line 14......................................... 16. New Mexico allocated income (from PTE-B, line 9, column 2)......................................... 17. New Mexico net income. Add lines 15 and 16................................................................... Section 3. Allowable Credit 18. Approved film production tax credit. (Attach Form RPD-41228)................................................ I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or an employee of the taxpayer) is based on all information of which preparer has any knowledge. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 _ _ _ . _ _ _ _% 15 16 17 18 Paid preparer's use only: Signature of preparer if other than employee of the taxpayer P1 ___________________________________________ Print preparer's name Signature of officer, member, or partner Date ______________________ __________________ Preparer's PTIN ________________ Preparer's phone number ______________________ P2 NM CRS Identification number P3 FEIN Title Taxpayer's email address Contact phone number P4 P5 Date 2018 PTE-A New Mexico Apportionment Factors PROPERTY FACTOR Average annual value of inventory .............. 1a Average annual value of real property ........ 1b Average annual value of personal property. 1c Rented property. Multiply annual rental value by 8..... 1d Total property .............................................. 1e Column 1 Total Everywhere *187380200* Percent Inside New Mexico Column 2 Inside New Mexico 1 _ _ _ . _ _ _ _% 2 _ _ _ . _ _ _ _% 3 _ _ _ . _ _ _ _% of lines 1, 2, and 3........................................... ............................................................................... = 4 _ _ _ . _ _ _ _% 1. Property factor. Divide Total property Column 2 by Column 1 and then multiply by 100..................................... PAYROLL FACTOR Total compensation of employees.......... 2a 2. Payroll factor. Divide Column 2 by Column 1 and then multiply by 100......................................................... + SALES FACTOR Gross receipts......................................... 3a 3. Sales factor. Divide Column 2 by Column 1 and then multiply by 100........................................................... + 4. TOTAL Count of factors ..................................................... 4a 5. Average New Mexico Percentage. Divide the factor on line 4 by the number of factors used to compute line 4, and then enter on PTE, line 14).............. ........................................................................................................ A. This entity submitted written notification of its election to use one of the special methods of apportionment of business income for tax year ending ______________. h Month/Day/Year The effective date of the election is B. Mark the box indicating the special method elected. _______________. Manufacturers i Month/Day/Year 5 _ _ _ . _ _ _ _% See instructions. Headquarters Operation 2018 PTE-B Allocated Non-Business Income Taxable to Owners Column 1 Total Income Everywhere 1. Net non-business dividends .............................................. 1 2. Net non-business interest.................................................. 2 3. Net non-business rents (loss)............................................ 3 4. Net non-business royalties ................................................ 4 5. Net non-business profit sale of assets (loss)..................... 5 6. Net non-business partnership income (loss) ..................... 6 7. Other net non-business income (loss) .............................. 7 8. Total allocated income. Add lines 1 through 7. Enter on PTE, line 12............ 8 9. Total New Mexico allocated income. Add lines 1 through 7. Enter on PTE, line 16..................................................................................................... 9 Column 2 New Mexico Income
Form PTE-NM (Obsolete)
More about the New Mexico Form PTE-NM (Obsolete) Corporate Income Tax Tax Return
Obsolete
We last updated the Information Return for Pass-Through Entities in April 2021, and the latest form we have available is for tax year 2018. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the New Mexico Taxation and Revenue Department. You can print other New Mexico tax forms here.
Related New Mexico Corporate Income Tax Forms:
TaxFormFinder has an additional 80 New Mexico income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Mexico Form PTE-NM (Obsolete).
| Form Code | Form Name |
|---|---|
| Form PTE-NM Instructions (Obsolete) | Instructions for Form PTE Information Return for Pass-Through Entities |
View all 81 New Mexico Income Tax Forms
Form Sources:
New Mexico usually releases forms for the current tax year between January and April. We last updated New Mexico Form PTE-NM (Obsolete) from the Taxation and Revenue Department in April 2021.
Form PTE-NM (Obsolete) is a New Mexico Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of New Mexico Form PTE-NM (Obsolete)
We have a total of two past-year versions of Form PTE-NM (Obsolete) in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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