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2019 FID-1	NEW MEXICO	198080200

FIDUCIARY INCOME TAX RETURN

Mail the original return and tax due to the New Mexico Taxation and Revenue Department, P.O. Box 25127, Santa Fe, NM 87504-5127, on or before April 15, 2020. You must pay tax due in full. For fiscal year estates and trusts, you must file the return on or before the 15th day of the fourth month following the close of the fiscal year. Do Not Send Cash.

Name of estate or trust			Name and title of fiduciary			FOR DEPARTMENT
						USE ONLY
		A2

Address of fiduciary - (Number and street)	City			State	Postal/ZIP code

If foreign address, enter country	Foreign province and/or state

B.DATE TRUST OR ESTATE CREATED. ____________________

C.If this is a final fiduciary return, enter liquidation or distribution date.

____________________

D.Has an adjustment to your federal taxable income for any prior year by the Internal Revenue Service not been reported to New Mexico?

YES

If yes, you must submit an amended New Mexico return.

E.If you owe penalty on underpayment of estimated tax and you qualify for a special calculation method, enter 1, 2, 3, 4, or 5 in the box, and

ATTACH Form RPD-41272.

Federal Employer Identification Number of estate or trust (Required)

F1	Calender year	F2	Fiscal year beginning			F3
	ending 12-31-19		and ending			F4

		CHECK APPLICABLE BOXES
G1	Amended	G2	Simple Trust	G3	If a New Mexico resident
					trust or estate, mark the box.



G4	ESTATE	G5	Complex Trust	G6	Grantor Trust

EXTENSION OF TIME TO FILE. If you have a federal or New Mexico state extension, mark the box and enter the extension date.

H1 Extended to: H2

1. Federal taxable income of fiduciary (Sec. 641(c) federal taxable income ________________ )..............

2.	.................................................................Additions to federal income (from FID-1, page 2, line 3)				+	2
3.	Deductions from federal income (from FID-1, page 2, line 8)				-	3
4. New Mexico taxable income. Add lines 1 and 2, then subtract line 3					=	4
5. Tax on line 4 amount. Use the Tax Rate Table in FID-1 instructions, page 6						5
6.	.................................................New Mexico percentage of income (from FID-B, Schedule 1, line 16)
7.	New Mexico income tax. Multiply line 5 by the percentage on line 6 and enter here.
	If you do not need to complete Form FID-B, enter amount from line 5				7
8.	Tax on lump-sum distributions (from worksheet in instructions.)				8
9.	Total New Mexico tax. Add lines 7 and 8				9
10.	Credit for taxes paid to another state (worksheet in instructions). Include other state return copy				10
11.	Total credits applied against the income tax liability due (from FID-CR, line A). Attach FID-CR				11
12.	Net New Mexico income tax. Add lines 10 and 11, then subtract from line 9. Cannot be less than zero				12
13.	Total Payments.	Estimated	Extension	Applied from prior year	13
14.	New Mexico income tax withheld not included on lines 15 and 16. Attach annual statements				14
15.	New Mexico income tax withheld from oil and gas proceeds. Attach 1099-Misc or Form RPD-41285				15
16.	New Mexico income tax withheld from a pass-through entity. Attach 1099-Misc or Form RPD-41359				16
17.	Amount from lines 15 and 16 passed to beneficiaries (reported on Form FID-D)				17
18.	Total payments and tax withheld. Subtract line 17 from the sum of lines 13 through 16				18
19.	Tax Due. If line 12 is more than line 18, enter the tax due				19
20.	Penalty. See instructions				+ 20
21.	Interest. See instructions				+ 21
22.	Total amount due. Add lines 19, 20, and 21				= 22
23.	Overpayment. If line 18 is more than line 12, enter the difference				23
	23a. Amount of overpayment to apply to 2020 liability. Cannot be more than line 23					23a
	23b. Amount of overpayment to refund. Subtract line 23a from line 23					23b

24.Total portion of tax credits to be refunded

(from FID-CR, line B). Attach FID-CR................................................................................................................

25. Total refund of overpaid tax and refundable credit due to you. Add lines 23b and 24 .....................................

_ _ _ . _ _ _ _%

Name of estate or trust as shown on Form FID-1, page 1		198090200
2019 FID-1 (page 2)
NEW MEXICO FIDUCIARY INCOME TAX RETURN
		FEIN of estate or trust

ADDITIONS TO FEDERAL INCOME FOR FIDUCIARY

Non-distributed shares of:

1. Federal net operating loss carryover ...............................................................................

2.	Non-New Mexico municipal bond interest	.......................................................................	+

3. Total additions. Add lines 1 and 2, then enter on FID-1 page 1, line 2		=
DEDUCTIONS FROM FEDERAL INCOME FOR FIDUCIARY
Non-distributed shares of:
4. New Mexico net operating loss (Attach RPD-41375)
5.	Interest income from U. S. government obligations	+
6. Net capital gain deduction. See instructions		+
		+
7.	Deduction for income set aside for future distribution from an estate or trust to a
	nonresident individual	+
8.	Total deductions. Add lines 4, 5, 6, and 7. Enter on FID-1, page 1, line 3	=

9.Total distributions of income to beneficiaries. Enter the amount reported on Schedule FID-D, line 1. (Completion of Schedule FID-D is required to process your return.)

Important: On Schedule FID-D, PTW Detail Report For Fiduciary Income Tax Returns:

Annual Withholding of Net Income From a Pass-Through Entity, report the beneficiaries receiving distributions of taxable New Mexico net income for the tax year of this return. When reporting more than 50 beneficiaries, the estate or trust files Schedule FID-D elec- tronically. Otherwise, attach Schedule FID-D to your FID-1 return. For more information, see Withholding for Non-Resident Recipients of a Pass-Through Entity in FID-1 instructions.

* * * * IMPORTANT NOTICE * * * *

The fiduciary of any grantor trust required to file federal Form 1041 under the provisions of federal

regulation 1.671-4(a) is NOT required to file this Form FID-1, New Mexico Fiduciary Income Tax Return.

!!REFUND EXPRESS !! HAVE YOUR REFUND DIRECTLY DEPOSITED. SEE INSTRUCTIONS AND FILL IN 1, 2, 3, AND 4.

RE1	1. Routing number:	RE3 3. Type: Checking	Savings

RE2	2. Account number:	Enter X	Enter X

4.REQUIRED: WILL THIS REFUND GO TO OR THROUGH AN ACCOUNT LOCATED OUTSIDE THE UNITED STATES? If yes, you may not use THIS

refund delivery option. See instructions.

RE4 YES	NO	You must answer
RE4 YES	NO	this question.
		this question.

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.

Taxpayer's signature

	Signature of fiduciary or officer representing fiduciary	Date

	Title	Contact phone number

Taxpayer's email address

Paid preparer's use only:

Signature of preparer if other than employee of the taxpayer

Date

Print preparer's name

FEIN

NM CRS Identification Number

Preparer's PTIN

Preparer's phone number

COMPUTATION OF NEW MEXICO PERCENTAGE	198180200
2019 FID-B Schedule 1

Name of estate or trust as shown on Form FID-1, page 1

FEIN of estate or trust

ESTATES OR TRUSTS WITH INCOME FROM BOTH INSIDE AND OUTSIDE NEW MEXICO MUST COMPLETE THIS SCHEDULE.

NOTE: The separate accounting method may not be used by a business in New Mexico.

1.Dividends..........................................

2.Interest, including non-New MexICO municipal bond interest.....................

3.Income from other fiduciaries,

S corporations, partnerships, and limited liability entities ......................

4.Rents and royalties...........................

5.Profit or loss from the sale or exchange of ASSETS...........................

6.Net business and farm income. Complete Form FID-B Schedule

2. See instructions. ...........................

7.Other income. Attach schedule ........

8.Total of lines 1 through 7.................

Column	1	Column 2	Column 3	Column 4
Column	1	Less related expenses/	Column 3	Column 4
Gross		distributions	Net	Allocation to New Mexico

8a. Calculate allocation percentage for deductions.	8a
Divide line 8, column 4 by line 8, column 3

_ _ _ . _ _ _ _%

For lines 9, 10, and 11, multiply the amount in Column 3 by the percentage in line 8a to get the allocation to New Mexico in Column 4.

9. Deduction for exemption ................................................................................................

10. Deduction for distributions not shown above...................................................................

11. Other deductions. Attach schedule..................................................................................

12. Total of lines 9, 10, and 11...............................................................................................

13. Taxable income of estate or trust. Subtract line 12 from line 8........................................

14. Income from lump-sum distributions. AttACH FEDERAl Form 4972 .....................................

15. Total income. Add lines 13 and 14..................................................................................

+10

+11

=12

+14

=15

16. New Mexico percentage of income. Divide line 15, column 4 by line 15, column 3.
Calculate to four decimal places; for example, 22.6246%. Enter here and on FID-1, page 1, line 6	16

_ _ _ . _ _ _ _%

BUSINESS INCOME APPORTIONMENT FORMULA	198190200
2019 FID-B Schedule 2

Name of estate or trust as shown on Form FID-1, page 1

FEIN of estate or trust

ESTATES OR TRUSTS WITH INCOME FROM BOTH INSIDE AND OUTSIDE NEW MEXICO MUST COMPLETE THIS SCHEDULE.

SEE INSTRUCTIONS BEFORE COMPLETING THIS SCHEDULE.

Calculate each percentage below to

four decimal places; for example, 22.6246%.

		Column 1	Column 2			Percent
PROPERTY FACTOR		Everywhere	Inside New Mexico			Inside New Mexico
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

...................................................1. Property factor. Divide Total property, Column 2 by Column 1 and then multiply by 100				1	_ _ _ . _ _ _ _%

PAYROLL FACTOR

Wages, salaries, commissions, and other compensation	2a
Wages, salaries, commissions, and other compensation
of employees related to apportionable income
.........................................................................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	............................................................................	+

2_ _ _ . _ _ _ _%

3_ _ _ . _ _ _ _%

4. TOTAL of lines 1, 2, and 3	............................................................................................................................................	=	4	_ _ _ . _ _ _ _%
Count of factors	4a
Count of factors


5. Average New Mexico Percentage. Divide line 4 by the number of factors entered in line 4a
		.........................	5	_ _ _ . _ _ _ _%

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

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	________________. See instructions.
Month/Day/Year	Month/Day/Year

Mark the box indicating the special method elected.

Manufacturers

Headquarters Operation

Question	Answer
Form Name	Nm Fid 1 Form
Form Length	4 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	1 min
Other names	nm fid 1, fid 1 tax, new mexico fid 1 instructions 2020, fid 1 new

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