New Mexico PTE - 1065 - Tax Year 2022

  • Article Type:
  • QA
  • Last Modified:
  • 03/24/2023


What are some common questions and answers regarding the PTE New Mexico Information Return for Pass-Through Entities with a 1065 return?


  • CCH® ProSystem fx® Tax
  • CCH Axcess™ Tax
  • Partnership - 1065
  • New Mexico - NM


-Form Name
  • PTE New Mexico Information Return for Pass-Through Entities
-State Links
  • New Mexico Department of Taxation and Revenue.  This page provides high level information regarding who must file, how to file, and what forms to file.  It also includes, at the bottom, a FAQ section regarding direct taxation  of the PTE, or Entity Level Tax.
  • This provides a directory of many publicly accessible documents, including tax forms and their instructions.  The site instructions state to "click on Open File to the right of the title."  This is no longer active.  Users should click on the title to drill down to the forms they need.  For the RPD-41367 follow the path: Income Taxes > Income Taxes (Current year forms) > Pass-through withholding forms.  This will get them to the main form, the instructions, and supplemental forms, including payment vouchers and application for refund.  It does not include statements of withholding.  
    • *Note that the browser used and security settings, including pop-up blockers will affect whether the main directory of titles will show up on the web page.  User may not be allowed to access the forms using Firefox, but likely able to using Chrome.
Election for PTE
-Is an Election Required?
  • N/A
Generation of State PTE Return
-How do we generate the form above? Most New Mexico state input will prepare the New Mexico PTE.
  • Common State/City
    • State / City Generation > New Mexico - Generate tax return.
    • State PTE Generation > State PTE Return Generation > NM - Generate State PTE return.
  • Interview Form GEN-ST1, or PTE-ST1 or nearly any New Mexico > NM-series input.
-Are there estimates for this form?
  • No.
-Do interest/penalties apply?
  • No.
-Is there an underpayment penalty?
  • No.
Additional PTE Information
Common State > State PTE Generation worksheet >Grid 23  (Interview PTE-ST1, boxes 300-364)
-Does this section apply to this state?
  • No.
Additional Input Available
- Does new input options under State and City Tax Refund flow to the state?
  • No.
- Does new input options under Taxes and Licenses flow to the state?
  • No.
- Does new input options under Rent/Royalty flow to the state?
  • No.
- Does the new input options under Farm flow to the state?
  • No.
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