Fund Tax Pro
TXRAX Tennessee (TN) exempt-interest percentage, tax year 2025
JPMorgan Tax Aware Real Return Fund is a national fund that reports income across 50 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 | ••.••% | 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 TXRAX state deductibility in Tennessee
Preparers looking up TXRAX 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 TXRAX's tax year 2025 percentage for Tennessee, the calculation, the document title (J.P. Morgan Funds 2025 Distribution Notice) and page 3. Subscribers can also download JPMorgan's document itself.