Fund Tax Pro
IIM California (CA) exempt-interest percentage, tax year 2025
Invesco Value Municipal Income Trust is a national fund that reports income across 45 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| California share of exempt-interest dividends, 2025 | ••.••% | Important 2025 Tax Return Document: Invesco Closed-End Funds Page 3. Income Breakdown: closed-end national funds |
Working out IIM state deductibility in California
Preparers looking up IIM for a California return usually start with the fund's California percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the California 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 IIM's tax year 2025 percentage for California, the calculation, the document title (Important 2025 Tax Return Document: Invesco Closed-End Funds) and page 3. Subscribers can also download Invesco's document itself.