Fund Tax Pro
MNOAX New York (NY) exempt-interest percentage, tax year 2025
NYLI MacKay New York Muni Fund is New York Life Investments' New York fund, so New York is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| New York share of exempt-interest dividends, 2025 | ••.••% | 2025 NYLI Funds Income Tax Information Notice Page 5. NYLI MacKay State Specific Muni Funds |
| Federal AMT percentage, 2025 | ••.••% | 2025 NYLI Funds Income Tax Information Notice Page 5 |
Working out MNOAX state deductibility in New York
Preparers looking up MNOAX 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 MNOAX's tax year 2025 percentage for New York, the calculation, the document title (2025 NYLI Funds Income Tax Information Notice) and page 5. Subscribers can also download New York Life Investments' document itself.