Fund Tax Pro
TAXE New Mexico (NM) exempt-interest percentage, tax year 2025
T. Rowe Price Intermediate Municipal Income ETF is a national fund that reports income across 43 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| New Mexico share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax Information for Tax-Free Funds (saved web page) Page 10. By-state table: ETFs |
| Federal AMT percentage, 2025 | ••.••% | 2025 Tax Information for Tax-Free Funds (saved web page) Page 10 |
Working out TAXE state deductibility in New Mexico
Preparers looking up TAXE 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 TAXE's tax year 2025 percentage for New Mexico, the calculation, the document title (2025 Tax Information for Tax-Free Funds (saved web page)) and page 10. Subscribers can also download T. Rowe Price's document itself.