{"data":{"id":"us-nm/7-2-21.1","jurisdiction":"us-nm","citation":"7-2-21.1","heading":"Accounting methods.","body":"A taxpayer shall use the same accounting methods for reporting income for New Mexico income tax purposes as are used in reporting income for federal income tax purposes.","path":["Chapter 7 - Taxation","ARTICLE 2 Income Tax General Provisions"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"1b681db423de1c62e1b8c1eaa350b2a13df000b27d152cc7fe3e058a1e53ffe0","source_id":"us-nm","stale":false,"prev":"us-nm/7-2-21","next":"us-nm/7-2-22"},"notice":"GroundRules: Original legal text. Not legal advice."}