Fund Tax Pro
MTFDX Tennessee (TN) exempt-interest percentage, tax year 2025
NYLI MacKay Strategic Muni Allocation Fund is a national fund that reports income across 52 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Tennessee share of exempt-interest dividends, 2025 | ••.••% | 2025 NYLI Funds Income Tax Information Notice Page 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 |
| U.S. government obligation income, 2025 | ••.••% | 2025 NYLI Funds Income Tax Information Notice Page 8 |
Working out MTFDX state deductibility in Tennessee
Preparers looking up MTFDX for a Tennessee return usually start with the fund's Tennessee percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Tennessee 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 MTFDX's tax year 2025 percentage for Tennessee, the calculation, the document title (2025 NYLI Funds Income Tax Information Notice) and page 3. Subscribers can also download New York Life Investments' document itself.