Form NYC-1127 - 2001 Page 2
31. Medical and dental expenses .....................................................................................
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31.
32. Taxes ................................................................................................................................
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32.
33. Interest expense ............................................................................................................
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33.
34. Gifts to charity .................................................................................................................
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34.
35. Casualty and theft losses .............................................................................................
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35.
36. Job expenses and most other miscellaneous deductions (see instructions and
attach detailed schedule) ..............................................................................................
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36.
37. Other miscellaneous deductions (attach detailed schedule) ................................
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37.
38. TOTAL ITEMIZED DEDUCTIONS (from federal Schedule A, line 28) .......................
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38.
39.
State, local and foreign income taxes on line 32 and Sect. 1127 liability if deducted elsewhere
..
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39.
40. Subtract line 39 from line 38 .......................................................................................
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40.
41. Other adjustments
.........................................................................................................
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41.
42. Line 40 and add line 41
................................................................................................
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42.
43. New York State itemized deduction adjustment (if line 30 is $100,000 or less,
enter "0") (otherwise see instructions) .....................................................................
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43.
44. New York State itemized deduction before limitation percentage (line 42 less line 43) .
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44.
44a. College tuition itemized deduction....................................................................................
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44a.
44b.
Add lines 44 and 44a........................................................................................................
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44b.
45. Amount from line 30, column B, page 1 (total New York City income) .............................................................................
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45.
46.
NEW YORK CITY DEDUCTION
:
▼ (See Instructions)
a. Compute limitation percentage:
line 30, column B
➧
$
=
line 30, column A
➧
$
46a.
b. (✓ ) only one box
■■ Standard deduction (enter amount from instructions) ..................................................................................................
➥
■■ Itemized deduction - $_____________________
X
_____________________
=
amount from line 44b % from line 46a
..............................................
➦
46b.
47. Line 45 less line 46b .......................................................................................................................................................................
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47.
48.
NEW YORK DEPENDENT EXEMPTION FROM NYS RETURN
▼ No exemption is allowed for employee or spouse.
(If married filing separately for Section 1127 purposes, apply the limitation percentage from line 46a.)
(see instructions)
(
●_____________
X 1000
)
X
____________ %
=
# of exemptions % from line 46a
............................................................................................................
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48.
49. New York City income subject to Section 1127 (line 47 less line 48) ...................................................................................
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49.
50. Liability on amount from line 49 (see liability rate schedules and instructions) .................................................................
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50.
51. New York City household credit from New York City table IV, V or VI from IT-201 Instructions..............................
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51.
52. UBT Paid Credit (see instructions) .............................................................................................................................
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52.
53. Subtract lines 51 and 52 from line 50
.........................................................................................................................................
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53.
54. Add: liability for other New York City taxes (see instructions) ................................................................................................
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54.
55. Total liability (add line 53 and line 54) .........................................................................................................................................
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55.
PAYMENTS AND CREDITS
56. Credits (Form IT-203, line 49 or
Form IT-201, line 49) ..................................... ● 56.
57.
New York City School Tax Credit (see instructions) ..
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57.
58. Payment pursuant to agreement under
Section 1127 of City Charter (Form 1127.2)... ● 58.
59.
Total allowable payments & credits
(add lines 56, 57 and 58)
..
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59.
60.
BALANCE DUE
- if line 55 is larger than line 59, enter balance due. Enter payment amount on line A, page 1
(See Instr.)
.● 60.
61.
OVERPAYMENT
- if line 55 is smaller than line 59, enter overpayment
(See Instr.)
.........................................................● 61.
%
If you itemized deductions
on federal Form 1040, fill
in lines 31 through 44, as
reported on your New
York State return (IT-201-
ATT, Part I or IT-203-ATT,
Schedule C) and attach
federal Schedule A.
If claiming the New York
standard deduction, skip
lines 31 through 44 and
continue on line 45.
Partial-year employees must prorate
standard deduction and dependent
exemption amounts based on number
of months employed by NYC.
Refunds cannot be processed
unless complete copy of NYS
return, including all schedules,
and wage and tax statement
(Form 1127.2) are attached.
● 59.
● 56.
● 57.
● 58.
● 59.
I hereby certify that this return, including any accompanying rider, is, to the best of my knowledge and belief, true, correct and complete.
I authorize the Dept. of Finance to discuss this return with the preparer listed below. (see instructions) ..............................YES ■■
CERTIFICATION
SIGN
HERE
PREPARER
'S
USE ONLY
EMPLOYEE SPOUSE
YOUR SIGNATURE
ADDRESS
DATE
DATE
EIN OR SSN OR PTIN
SPOUSE
'S SIGNATURE
(if both are City employees sub-
ject to Charter §1127 and filing a joint Form NYC-1127)
SIGNATURE OF PREPARER OTHER THAN TAXPAYER
ATTACH:
1. Complete copy of NYS Income Tax Return, including all schedules
2. Wage and withholding statement (Form 1127.2)
3. Copy of federal Schedule A, if itemizing deductions
4. Copies of all W-2's, if applicable
5. If claiming line of duty injury deduction, provide verification from agency
PAY FULL AMOUNT SHOWN ON LINE 60
Make remittance payable to the
order of:
NYC DEPARTMENT OF FINANCE
Payment must be made in U.S.
dollars, drawn on a U.S. bank.
To receive proper
credit, you must enter
your correct Social
Security Number on
your tax return and
remittance.
MAIL TO:
NYC Dept. of Finance
P. O. Box 5090
Kingston, NY 12402-5090
%
OR
*80020191*
80020191
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