Moved out of state to New York in early 2023, but stayed with the same employer. My prior state did not have any sort of city tax, whereas NYC does.
I am going through the TurboTax screens to allocate my New York State earnings, and wanted to make sure I am understanding correctly. Using fictitious numbers below.
W-2
Box 1 (wages, tips, other comp) $200,000
Box 16 (state wages, tips, etc..) $200,000
Box 18 (local wages, tips, etc..) $195,000
There is a section of my W-2 which shows additional details, and it shows my reported state wages for the prior state as $5000.
When allocating my NYS wages by percentage, would I enter 97.5% ($195,000 / $200,000). Wanted to make sure I am not missing anything super obvious. Thanks!
