Fund Tax Pro
JCBAX Massachusetts (MA) exempt-interest percentage, tax year 2025
JPMorgan California Tax Free Bond Fund is a California fund. A Massachusetts return is an unusual match, so confirm the fund and the client's state before relying on a figure.
| Item | Published figure | Fund company source |
|---|---|---|
| Massachusetts share of exempt-interest dividends, 2025 | ••.••% | J.P. Morgan Funds 2025 Distribution Notice Page 2. Tax-Exempt Income Distribution Information |
| Federal AMT percentage, 2025 | ••.••% | J.P. Morgan Funds 2025 Distribution Notice Page 2 |
Working out JCBAX state deductibility in Massachusetts
Preparers looking up JCBAX for a Massachusetts return usually start with the fund's Massachusetts percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Massachusetts 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 JCBAX's tax year 2025 percentage for Massachusetts, the calculation, the document title (J.P. Morgan Funds 2025 Distribution Notice) and page 2. Subscribers can also download JPMorgan's document itself.