Fund Tax Pro
PMBAX North Carolina (NC) exempt-interest percentage, tax year 2025
JPMorgan Tax Free Bond Fund is a national fund that reports income across 51 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| North Carolina 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 PMBAX state deductibility in North Carolina
Preparers looking up PMBAX for a North Carolina return usually start with the fund's North Carolina percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the North Carolina 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 PMBAX's tax year 2025 percentage for North Carolina, the calculation, the document title (J.P. Morgan Funds 2025 Distribution Notice) and page 3. Subscribers can also download JPMorgan's document itself.