Fund Tax Pro
MMCA North Carolina (NC) exempt-interest percentage, tax year 2025
NYLI MacKay California Muni Intermediate ETF is a California fund. A North Carolina 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 |
|---|---|---|
| North Carolina share of exempt-interest dividends, 2025 | ••.••% | 2025 NYLI ETFs Tax-Exempt Interest Dividends by State Pages 1, 2, 3. Percentage of each Fund's dividend earned from securities of each state or jurisdiction |
| Federal AMT percentage, 2025 | ••.••% | 2025 NYLI ETFs Tax-Exempt Interest Dividends by State Page 1 |
Working out MMCA state deductibility in North Carolina
Preparers looking up MMCA for a North Carolina return usually start with the fund's North Carolina percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the North Carolina 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 MMCA's tax year 2025 percentage for North Carolina, the calculation, the document title (2025 NYLI ETFs Tax-Exempt Interest Dividends by State) and pages 1, 2, 3. Subscribers can also download New York Life Investments' document itself.