Adding the amount of the NYC 1127 waiver withheld from my paycheck on line 73 for local taxes almost doubles my NYS refund? is this correct.? The 1127 form has to be mailed to NYC which generally in prior years NYC sends a small refund as well.
Let's assume my employer took out NYC taxes like I was a resident in error when I file my returns I would receive 100 percent return of taxes paid to NYC because i was a nonresident and not obligated to Pay NYC income Tax This scenario would be treated correctly by the turbo tax program.
In an 1127 scenario, NYC as a condition of my employment with NYC requires me to pay a waiver its not a tax yet turbo tax is viewing this as taxes paid which your not obligated to pay causing my NYS refund to go from $1900 prior to adding the 1127 waiver on line 73 to over $4,000.
If this is correct i am delighted to receive all my 1127 waiver money paid back , but if it's an error on the turbo tax program i am going to have a headache .
If this is correct can i amend my last 3 years of state tax returns because wow the owe me some ching
