Fund Tax Pro
VANTX California (CA) exempt-interest percentage, tax year 2025
JPMorgan New York Tax Free Bond Fund is a New York fund. A California return is an unusual match, so confirm the fund and the client's state before relying on a figure.
| Item | Published figure | Fund company source |
|---|---|---|
| California 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 VANTX state deductibility in California
Preparers looking up VANTX for a California return usually start with the fund's California percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the California 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 VANTX's tax year 2025 percentage for California, the calculation, the document title (J.P. Morgan Funds 2025 Distribution Notice) and page 3. Subscribers can also download JPMorgan's document itself.