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