Fund Tax Pro
MMHAX Maine (ME) exempt-interest percentage, tax year 2025
NYLI MacKay High Yield Muni Bond Fund is a national fund that reports income across 48 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Maine share of exempt-interest dividends, 2025 | ••.••% | 2025 NYLI Funds Income Tax Information Notice Pages 2, 3. Percentage of each Fund's dividend earned from securities of each state or jurisdiction |
| Federal AMT percentage, 2025 | ••.••% | 2025 NYLI Funds Income Tax Information Notice Page 1 |
Working out MMHAX state deductibility in Maine
Preparers looking up MMHAX for a Maine return usually start with the fund's Maine percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Maine 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 MMHAX's tax year 2025 percentage for Maine, the calculation, the document title (2025 NYLI Funds Income Tax Information Notice) and pages 2, 3. Subscribers can also download New York Life Investments' document itself.