Fund Tax Pro
FSMJX South Dakota (SD) exempt-interest percentage, tax year 2025
Fidelity SAI Conservative Income Municipal Bond 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 |
|---|---|---|
| South Dakota share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Income from Fidelity Funds (revised) Page 4. 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 FSMJX state deductibility in South Dakota
Preparers looking up FSMJX for a South Dakota return usually start with the fund's South Dakota percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the South Dakota 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 FSMJX's tax year 2025 percentage for South Dakota, the calculation, the document title (2025 Tax-Exempt Income from Fidelity Funds (revised)) and page 4. Subscribers can also download Fidelity's document itself.