topic Re: Forms to send w/NM returns in State tax filing

Forms to send w/NM returns

Observer — Tue, 16 Mar 2021 15:54:32 GMT

What federal forms do I need to send w/my NM return? Do I need to send my 1040? The instructions are generic, rather than listing forms related to my return

Re: Forms to send w/NM returns

JohnW152 — Tue, 16 Mar 2021 16:45:43 GMT

You only need to attach federal forms in certain circumstances.

According to the Instructions for 2020 PIT-1,

Generally, you do not attach your federal return to your PIT-1.

If, however, you have a combined loss of over $40,000, from one or more of the following federal forms and schedules, attach to Form PIT-1, your federal Form 1040 or 1040SR and schedules showing the loss or losses taken on Form 1040 or 1040SR.

• Federal Schedules C or C-EZ for business income or loss;

• Federal Schedule D for capital gains or loss;

• Federal Schedule E for rental real estate, royalties, partnerships, S corporations, trusts, income;

• Federal Schedule F for farm income or loss; and

• Federal Form 4797, Other gains or losses.

Re: Forms to send w/NM returns

Observer — Fri, 19 Mar 2021 17:03:52 GMT

Thx! I went to NM's web site & looked at the final steps of the instructions, which were generic. Sure seems Turbo Tax s/list needed forms to send, based on each return, on their instructions. I s/not have to spend time researching the matter. I appreciate you answering my question.