Fund Tax Pro
FDEXX Nevada (NV) exempt-interest percentage, tax year 2025
Fidelity Tax-Exempt Money Market Fund is a national fund that reports income across 46 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Nevada share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Income from Fidelity Funds (revised) Page 6. Income by state and territory as a percentage of tax-exempt interest dividends |
| Federal AMT percentage, 2025 | ••.••% | 2025 Fidelity Municipal Fund Distributions Subject to the AMT Page 2 |
Working out FDEXX state deductibility in Nevada
Preparers looking up FDEXX for a Nevada return usually start with the fund's Nevada percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Nevada 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 FDEXX's tax year 2025 percentage for Nevada, the calculation, the document title (2025 Tax-Exempt Income from Fidelity Funds (revised)) and page 6. Subscribers can also download Fidelity's document itself.