Fund Tax Pro
CALI Tennessee (TN) exempt-interest percentage, tax year 2025
iShares Short-Term California Muni Active ETF is a California fund. A Tennessee 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 |
|---|---|---|
| Tennessee 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 Tennessee
Preparers looking up CALI for a Tennessee return usually start with the fund's Tennessee percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Tennessee 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 Tennessee, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and pages 1, 2. Subscribers can also download iShares' document itself.