{"id":1265,"date":"2020-10-21T13:45:58","date_gmt":"2020-10-21T19:45:58","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/individuals\/?page_id=1265"},"modified":"2025-05-22T08:52:42","modified_gmt":"2025-05-22T14:52:42","slug":"estate-trust-and-fiduciary-income-tax","status":"publish","type":"page","link":"https:\/\/www.tax.newmexico.gov\/individuals\/personal-income-tax-information-overview\/estate-trust-and-fiduciary-income-tax\/","title":{"rendered":"Estate, Trust, and Fiduciary Income Tax"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” background_repeat=”round” custom_margin=”0px||||false|false” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_stops=”#ffffff 0%|#dedede 100%” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#dedede ” width_last_edited=”off|desktop” custom_margin=”0px||||false|false” custom_padding=”4px||4px||true|false” background_color_gradient_stops_tablet=”#ffffff 0%|#dedede 100%” background_color_gradient_stops_phone=”#ffffff 0%|#dedede 100%” border_width_all=”1px” border_color_all=”#c9c9c9″ global_module=”210″ saved_tabs=”all” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_dmb_breadcrumbs font_icon=”%%20%%” home_icon=”%%236%%” use_home_text=”on” home_text=”Individuals” use_home_url=”on” home_url=”\/individuals\/individuals\/” _builder_version=”4.16″ _module_preset=”default” body_text_color=”#282728″ separator_text_color=”#282728″ link_text_color=”#000000″ custom_padding=”0px||0px|15px|false|false” global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ specialty=”on” padding_top_bottom_link_2=”false” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Explore Section & Events” use_icon=”on” font_icon=”||divi||400″ _builder_version=”4.16″ _module_preset=”7b5e95ba-231a-438c-8dd9-6676746c29e6″ link_option_url_new_window=”on” global_colors_info=”{}”][\/et_pb_blurb][et_pb_sidebar area=”et_pb_widget_area_2″ _builder_version=”4.16″ _module_preset=”50d7f88b-470d-49c8-b370-96c4a9bca4df” saved_tabs=”all” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ specialty_columns=”3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.16″ _module_preset=”default” background_color=”#ffffff” custom_padding=”|20px||20px|false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”3_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title meta=”off” _builder_version=”4.16″ _module_preset=”default” title_font=”|300|||||||” title_font_size=”50px” title_letter_spacing=”-3px” global_colors_info=”{}”][\/et_pb_post_title][et_pb_text _builder_version=”4.21.0″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

You may be subject to other taxes that require another return.<\/h2>\n

New Mexico\u2019s Estate Tax is phased out due to federal tax law changes as of January 1, 2005. If you must file federal Form 706 for any reason, then you should also file a New Mexico Estate Tax Return. When you send us both the Form 706 and the state estate tax return, we issue a \u201ccertificate of no tax due\u201d for your records. Look for\u00a0form\u00a0RPD-41058,Estate Tax Return<\/a><\/strong>\u00a0on our web site.<\/p>\n

Estates and trusts are subject to income tax at personal income tax rates. The\u00a0FID-1, New Mexico Fiduciary Income Tax Return<\/strong><\/a>\u00a0can be found online.\u00a0Income taxes on estates and trusts is different from estate tax because they are based on income that an estate or trust generates.<\/p>\n

Note: New Mexico does not impose an inheritance tax<\/p>\n

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You may be subject to other taxes that require another return. New Mexico\u2019s Estate Tax is phased out due to federal tax law changes as of January 1, 2005. If you must file federal Form 706 for any reason, then you should also file a New Mexico Estate Tax Return. When you send us both […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1238,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-1265","page","type-page","status-publish","hentry"],"yoast_head":"\nEstate, Trust, and Fiduciary Income Tax : Individuals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/individuals\/personal-income-tax-information-overview\/estate-trust-and-fiduciary-income-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate, Trust, and Fiduciary Income Tax : Individuals\" \/>\n<meta property=\"og:description\" content=\"You may be subject to other taxes that require another return. 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