Forms to send w/NM returns

Forum|Forum|5 years ago
March 16, 2021
1 reply
13 views

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

JohnW152

Level 15

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.

ObserverAuthor

Level 2

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.