Fund Tax Pro
FMUN Minnesota (MN) exempt-interest percentage, tax year 2025
Fidelity Systematic Municipal Bond Index ETF is a national fund that reports income across 44 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Minnesota 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 FMUN state deductibility in Minnesota
Preparers looking up FMUN 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 FMUN's tax year 2025 percentage for Minnesota, the calculation, the document title (2025 Tax-Exempt Income from Fidelity Funds (revised)) and page 6. Subscribers can also download Fidelity's document itself.