Fund Tax Pro
JCBAX New York (NY) exempt-interest percentage, tax year 2025
JPMorgan California Tax Free Bond Fund is a California fund. A New York 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 |
|---|---|---|
| New York 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 New York
Preparers looking up JCBAX for a New York return usually start with the fund's New York percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the New York 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 New York, the calculation, the document title (J.P. Morgan Funds 2025 Distribution Notice) and page 2. Subscribers can also download JPMorgan's document itself.