Fund Tax Pro
NYF New Mexico (NM) exempt-interest percentage, tax year 2025
iShares New York Muni Bond ETF is a New York fund. A New Mexico return is an unusual match, so confirm the fund and the client's state before relying on a figure.
| Item | Published figure | Fund company source |
|---|---|---|
| New Mexico share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Interest Dividends by State Pages 1, 2. Tax-exempt interest dividends by state for 2025 |
| Federal AMT percentage, 2025 | ••.••% | 2025 Tax-Exempt Interest Dividends by State Page 2 |
Working out NYF state deductibility in New Mexico
Preparers looking up NYF for a New Mexico return usually start with the fund's New Mexico percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the New Mexico 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 NYF's tax year 2025 percentage for New Mexico, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and pages 1, 2. Subscribers can also download iShares' document itself.