Fund Tax Pro
MSCAX California (CA) exempt-interest percentage, tax year 2025
NYLI MacKay California Muni Fund is New York Life Investments' California fund, so California is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| California 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 MSCAX state deductibility in California
Preparers looking up MSCAX for a California return usually start with the fund's California percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the California 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 MSCAX's tax year 2025 percentage for California, 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.