Fund Tax Pro
JPMorgan Ultra-Short Municipal Fund (USMSX, USMTX): 2025 tax information
JPMorgan published the federal AMT percentage and state percentages for JPMorgan Ultra-Short Municipal Fund for tax year 2025. This page shows what is on file for this mutual fund and where it was published.
| Item | Published figure | Fund company source |
|---|---|---|
| Federal AMT percentage | ••.••% | J.P. Morgan Funds 2025 Distribution Notice Page 3. Amount Subject to AMT |
| Exempt-interest dividends by state (51 rows) | ••.••% | J.P. Morgan Funds 2025 Distribution Notice Page 3. Tax-Exempt Income Distribution Information |
What's on file for this fund
- The same figures apply across 2 listed tickers: USMSX, USMTX.
- Share classes on file: A and I.
- The source reports this fund against 51 states and territories, with income above zero in 51 of them.
- Federal AMT percentage. The share of the fund's exempt-interest dividends attributed to private activity bonds for the alternative minimum tax. It is applied to Form 1099-DIV, Box 12.
- Exempt-interest dividends by state. The share of the fund's exempt-interest dividends that came from each state and territory. It is applied to Form 1099-DIV, Box 12.
How JPMorgan reports this
JPMorgan publishes one annual Distribution Notice covering tax-exempt income by state, sources of taxable income and foreign source income.
Its state table leaves a cell blank where a fund reported no income, and states that its percentages apply to all share classes of a fund.
USMSX by state
Choose the state on the return to see that state's reference for this fund.
- USMSX AK: Alaska
- USMSX AL: Alabama
- USMSX AR: Arkansas
- USMSX AZ: Arizona
- USMSX CA: California
- USMSX CO: Colorado
- USMSX CT: Connecticut
- USMSX DC: District of Columbia
- USMSX DE: Delaware
- USMSX FL: Florida
- USMSX GA: Georgia
- USMSX GU: Guam
- USMSX HI: Hawaii
- USMSX IA: Iowa
- USMSX ID: Idaho
- USMSX IL: Illinois
- USMSX IN: Indiana
- USMSX KS: Kansas
- USMSX KY: Kentucky
- USMSX LA: Louisiana
- USMSX MA: Massachusetts
- USMSX MD: Maryland
- USMSX ME: Maine
- USMSX MI: Michigan
- USMSX MN: Minnesota
- USMSX MO: Missouri
- USMSX MS: Mississippi
- USMSX NC: North Carolina
- USMSX ND: North Dakota
- USMSX NE: Nebraska
- USMSX NH: New Hampshire
- USMSX NJ: New Jersey
- USMSX NM: New Mexico
- USMSX NV: Nevada
- USMSX NY: New York
- USMSX OH: Ohio
- USMSX OK: Oklahoma
- USMSX OR: Oregon
- USMSX PA: Pennsylvania
- USMSX PR: Puerto Rico
- USMSX RI: Rhode Island
- USMSX SC: South Carolina
- USMSX SD: South Dakota
- USMSX TN: Tennessee
- USMSX TX: Texas
- USMSX UT: Utah
- USMSX VA: Virginia
- USMSX VT: Vermont
- USMSX WA: Washington
- USMSX WI: Wisconsin
- USMSX WV: West Virginia
Common questions
How much of USMSX's exempt-interest dividends came from my client's state?
JPMorgan reports this as a percentage for each state. It applies to the amount in Box 12 of Form 1099-DIV. The tax preparer decides how the result is treated on the return.
Is any of USMSX's income subject to the federal AMT?
JPMorgan publishes an AMT percentage for this fund for tax year 2025, applied to exempt-interest dividends.