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