Fund Tax Pro
MMMA Nevada (NV) exempt-interest percentage, tax year 2025
NYLI MacKay Muni Allocation ETF is a national fund that reports income across 15 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Nevada 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 MMMA state deductibility in Nevada
Preparers looking up MMMA for a Nevada return usually start with the fund's Nevada percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Nevada 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 MMMA's tax year 2025 percentage for Nevada, 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.