Fund Tax Pro
CALI Montana (MT) exempt-interest percentage, tax year 2025
iShares Short-Term California Muni Active ETF is a California fund. A Montana return is an unusual match, so confirm the fund and the client's state before relying on a figure.
| Item | Published figure | Fund company source |
|---|---|---|
| Montana share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Interest Dividends by State Pages 1, 2. Tax-exempt interest dividends by state for 2025 |
| Federal AMT percentage, 2025 | ••.••% | 2025 Tax-Exempt Interest Dividends by State Page 2 |
Working out CALI state deductibility in Montana
Preparers looking up CALI for a Montana return usually start with the fund's Montana percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Montana portion. Fund Tax Pro supplies the published percentage, the calculation and the source; the preparer decides how it is treated on the return.
Backup for the client file
The backup PDF records CALI's tax year 2025 percentage for Montana, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and pages 1, 2. Subscribers can also download iShares' document itself.