Fund Tax Pro
IBMP Iowa (IA) exempt-interest percentage, tax year 2025
iShares iBonds Dec 2027 Term Muni Bond ETF is a national fund that reports income across 49 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Iowa 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 IBMP state deductibility in Iowa
Preparers looking up IBMP for a Iowa return usually start with the fund's Iowa percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Iowa 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 IBMP's tax year 2025 percentage for Iowa, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and pages 1, 2. Subscribers can also download iShares' document itself.