what should i list for NYC 1127.2 withholding?

Forum|Forum|1 year ago
March 11, 2025
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what is NYC 1127.2 withholding

rjs

Employee

For NYC 1127.2 withholding in box 14 of your W-2 select the category "Other (not classified)." TurboTax will not automatically enter it on your NYC-1127 form. You will have to enter the amount of withholding again when you prepare your NYC-1127 in the New York interview.

NYC 1127.2 withholding is a payment towards the amount you have to pay on your NYC-1127 return, like the withholding for federal and state income tax. The Section 1127 payment is a payment you have to make as a non-resident employee of the City of New York. You can read more about it at this link on the NYC Department of Finance web site.

Steve987Author

Thank you. I assume this is for the box 14 "1127 txs" entry. What do I do with the "1127 wgs" amount?

MayaD

Enter the amount in box 14 and for category select "other deductible state of local tax".

In your state return, continue to the screen Take a look at New York City credits and taxes ,scroll down to New York City Employment Taxes and select start next to NYC Nonresident Employees Tax (NYC-1127).

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