Drake Tax - NYC: Form 1127 Withholding

Withholding for the NYC 1127

NYC Form 1127 payments are entered on the federal W2 screen, box 14 with code NYC1127. Payments reported on NYC Form 1127 are not considered State or City taxes, but are rather payments made to New York City as a condition of employment (see the General Information section on the 1127 Instructions). The payment carries to Form IT-196, Line 24. This amount can be adjusted using the override located on NY > screen 7 > line 24.