Amber Gray-Fenner, EA117 Bryn Mawr Drive SE #107Albuquerque, NM 87106Phone: 505.314.1264
If you are filing 1120-S for NM, check the apportionment CAREFULLY! "Other current assets" flow through to "personal property" even if they are security deposits. And I had items on the 4562 flowing through as real property that were clearly NOT real property.
Drake tech support recommended overriding and entering the correct data. They MIGHT get the problem fixed, but this is just one more example of why it's important to know the rules and not just let the software do the work.
Hi everyone, Amber here. If you find an issue with your NM State tax software would you please let everyone know 1) what software you're using; 2) what the issue/problem is/was; and 3) how you resolved it (if you resolved it).
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