Form NYC-1127 - 2003 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. Total of lines 40 and 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. Liability for other New York City taxes (see instructions) ........................................................................................................
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51.
52. Total of lines 50 and 51...............................................................................................................................................
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52.
53. Nonrefundable credits:
a. NYC household credit from IT-201 Instructions NYC table IV, V or VI .....● 53a.
b. UBT Paid Credit (see instructions) .................................................................... ● 53b.
c. Other NYC taxes (see instructions) ................................................................... ● 53c.
d.
NYC Claim of Right Credit from Form IT-201-ATT, line 80 or IT-203-B, line 65 (attach Form IT-257)
..●
53d.
e.
New York City School Tax Credit (see instructions)..........................................
● 53e.
TOTAL of lines 53a through 53e
.............................................................................................................................................
● 53.
54. Total Liability. Subtract line 53 from line 52. If line 53 is greater than line 52, enter “0” .......................................... ● 54.
55.
Payment pursuant to agreement under City Charter §1127 (from Form 1127.2).............................................................................
● 55.
56. BALANCE DUE - if line 54 is larger than line 55, enter balance due. Enter payment amount on line A, page 1 (See Instr.)............. ● 56.
57. OVERPAYMENT - if line 54 is smaller than line 55, enter overpayment (See Instr.)
REFUNDS CANNOT BE PROCESSED UNLESS COMPLETE COPY OF NYS RETURN,
INCLUDING ALL SCHEDULES, AND WAGE AND TAX STATEMENT (FORM 1127.2) ARE ATTACHED.
......................................................
● 57.
%
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.
Part-year employees must prorate
standard deduction and dependent
exemption amounts based on number
of months employed by NYC.
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
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 56
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
*80020395*
80020395
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