Form NYC-1127 - 2005 Page 2
NEW YORK ADDITIONS
▼
19. FEDERAL ADJUSTED GROSS INCOME (line 18, page 1) ................................................
19a. _______________________________ 19b. ______________________________
20. Interest income on state and local bonds other than NYS and its localities ........
● 20a. _______________________________ ● 20b. ______________________________
21. Public employee 414(h) retirement contributions .....................................................
● 21a. _______________________________ ● 21b. ______________________________
22. Other (attach list) .............................................................................................................
● 22a. _______________________________ ● 22b. ______________________________
23. Add lines 19 through 22 .................................................................................................
● 23a. _______________________________ ● 23b. ______________________________
NEW YORK SUBTRACTIONS
▼
24.
Taxable refunds of New York State and local income taxes
(from page1, line 4) ......
● 24a. _______________________________ ● 24b. ______________________________
25. Pensions of NYS and local governments and the federal government..............
● 25a. _______________________________ ● 25b. ______________________________
26. Taxable social security benefits (from page 1, line 14) ................................................
● 26a. _______________________________ ● 26b. ______________________________
27. Interest income on United States government bonds ..............................................
● 27a. _______________________________ ● 27b. ______________________________
28. Pension and annuity income exclusion .......................................................................
● 28a. _______________________________ ● 28b. ______________________________
29. Other (attach list) ..............................................................................................................
● 29a. _______________________________ ● 29b. ______________________________
30. Total subtractions (add lines 24 through 29)..............................................................
● 30a. _______________________________ ● 30b. ______________________________
31. TOTAL NEW YORK INCOME (line 23 less line 30)
(transfer amount from column B to line 32) (for line 31b, see instructions) ...............
● 31a. _______________________________ ● 31b. ______________________________
32. Amount from line 31, column B, (total New York City income)
..................................................................................................
● 32. ______________________________
33.
NEW YORK CITY DEDUCTION:
▼ (See Instructions)
line 31, column B
➧
$
a. Compute limitation percentage: ---------------------------------
........................................
=
● 33a.____________________________
%
line 31, column A
➧
$
________________________________
■■ Standard deduction (enter amount from instructions) .....................................................
b. Check only one box:
■■ Itemized deduction - $________________________ X _______________________% =
}
●
33b
.________________________________
amount from line p below % from line 33a
34. Line 32 less line 33b ...........................................................................................................................................................................
●
34.________________________________
35.
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 33a.)
(see instructions)
(
●_____________
X 1000
)
X
____________ %
= ...............................................................................................................
# of exemptions % from line 33a
●
35. ________________________________
36. New York City income subject to Section 1127 (line 34 less line 35)
.......................................................................................
●
36. ________________________________
ITEMIZED DEDUCTIONS
▼
a. Medical and dental expenses ...........................................................
●
a. ________________________________
b. Taxes ......................................................................................................
●
b. ________________________________
c. Interest expense ..................................................................................
●
c. ________________________________
d. Gifts to charity ......................................................................................
●
d. ________________________________
e. Casualty and theft losses ..................................................................
●
e. ________________________________
f. Job expenses and most other miscellaneous deductions
(see instructions and attach detailed schedule)
............................
●
f. ________________________________
g. Other miscellaneous deductions (attach detailed schedule) .....
●
g. ________________________________
h. TOTAL ITEMIZED DEDUCTIONS (from federal Schedule A, line 28) .
●
h. ________________________________
i. State, local and foreign income taxes on line b
and Sect. 1127 liability if deducted elsewhere
..............................
●
i. ________________________________
j. Subtract line i from line h ..................................................................
●
j. ________________________________
k. Other adjustments ..............................................................................
●
k. ________________________________
l. Total of lines j and k .............................................................................
●
l. ________________________________
m. New York State itemized deduction adjustment (if line 31 is
$100,000 or less, enter "0") (otherwise see instructions)
............
●
m. ________________________________
n. New York State itemized deduction before limitation percentage
(line l less line m)
................................................................................
●
n. ________________________________
o. College tuition itemized deduction.........................................................
●
o. ________________________________
p. Add lines n and o...................................................................................
●
p. ________________________________
NEW YORK ADJUSTED GROSS INCOME
COLUMN B
SECTION 1127
EMPLOYEE
(SEE INSTRUCTIONS)
COLUMN A
FEDERAL AMOUNT
Part-year employees must prorate
standard deduction and dependent
exemption amounts based on num-
ber of months employed by NYC.
*80020593*
STANDARD DEDUCTION
▼
Choose the standard deduction
amount appropriate to your Section
1127 filing status.
The Standard Deduction allowable is:
$3,000 - if single for the entire year
and you can be claimed as a
dependent on another taxpayer’s
federal return
$7,500 - if single for the entire year
and you cannot be claimed as a
dependent on another taxpayer’s
federal return
$10,500 - if head of household for
the entire year
$14,600 - if married and filing jointly
for the entire year
$14,600 - if qualifying widow(er)
with dependent child for the entire
year
$6,500 - if married, filing separately
for the entire year
80020593
OR