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Exactly, I went through the exact same loop with turbotax a few years ago, ended up filing the 1127 myself. My residence was 7 months in NYC and the rest in Jersey, Turbotax needs to fix this issue.
Yes, you can fill out an NYC-1127 on TurboTax but it is available to print only. E-filing the NYC 1127 is not supported. Manually enter the allocation for NYC and print and mail the NYC-1127. The form became available for printing on January 26, 2023.
I hope the foregoing assists you in filing your NYC-1127. It may not be an optimal solution but it does allow you to print and file with New York City.
Thanks for the help. I was able to input the information per @JosephS1's description. My question is the following: is there a calculation that TurboTax is doing to see if I owe or am owed any monies to NYC? My box 25 on my Form 1127.2 shows an amount under "Amt Withheld Under Sec. 1127". I assume this means this was already taken out of my paycheck and may owe or be owed monies?
Yes, the amount withheld is the amount already taken out of your paycheck.
Depending on whether your had too much or too little or just the right amount withheld, unless you made other payments, this would be the amount subtracted from your total tax liability to arrive at your refund or taxes owed.
Thank you - but to be clear, will TurboTax tell me if I owe anything to NYC or am owed a refund? I input the 1127 into TurboTax and am only seeing monies owed for NY State and Federal, nothing related to NYC one way or the other
Yes. When you print the form, you will see the calculations and amounts. You can adjust your withholdings at work as needed.
NYC states:
Personal Income Tax
New York City residents must pay a personal income tax, which is administered and collected by the New York State Department of Taxation and Finance.
Non-Resident Employees of the City of New York - Form 1127
Most New York City employees living outside of the five boroughs (hired on or after January 4, 1973) must file form NYC-1127. This form calculates the City waiver liability, which is the amount due as if the filer were a resident of NYC.
[Edited 2/22/23 |8:17 am]
Yes, the 1127 form can be filled out on TurboTax, but you will need to print the form and mail it as it is not supported for e-file.
Please verify that you have correctly entered your residency as a nonresident employee of the city of New York. If your residence is entered correctly, you'll be prompted with the question, "Do you need to complete Form NYC-1127?"
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