Fund Tax Pro
OSTAX Illinois (IL) exempt-interest percentage, tax year 2025
JPMorgan Short-Intermediate Municipal Bond Fund is a national fund that reports income across 49 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| Illinois share of exempt-interest dividends, 2025 | ••.••% | J.P. Morgan Funds 2025 Distribution Notice Page 3. Tax-Exempt Income Distribution Information |
| Federal AMT percentage, 2025 | ••.••% | J.P. Morgan Funds 2025 Distribution Notice Page 3 |
Working out OSTAX state deductibility in Illinois
Preparers looking up OSTAX for a Illinois return usually start with the fund's Illinois percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the Illinois 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 OSTAX's tax year 2025 percentage for Illinois, the calculation, the document title (J.P. Morgan Funds 2025 Distribution Notice) and page 3. Subscribers can also download JPMorgan's document itself.