Fund Tax Pro
FIMSX Tennessee (TN) exempt-interest percentage, tax year 2025
Fidelity Municipal Income 2025 Fund is a national fund that reports income across 48 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Tennessee share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Income from Fidelity Funds (revised) Page 3. 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 FIMSX state deductibility in Tennessee
Preparers looking up FIMSX 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 FIMSX's tax year 2025 percentage for Tennessee, the calculation, the document title (2025 Tax-Exempt Income from Fidelity Funds (revised)) and page 3. Subscribers can also download Fidelity's document itself.