Fund Tax Pro
SUB Tennessee (TN) exempt-interest percentage, tax year 2025
iShares Short-Term National Muni Bond ETF 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 |
|---|---|---|
| Tennessee 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 SUB state deductibility in Tennessee
Preparers looking up SUB 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 SUB's tax year 2025 percentage for Tennessee, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and pages 1, 2. Subscribers can also download iShares' document itself.