Fund Tax Pro
VGM New York (NY) exempt-interest percentage, tax year 2025
Invesco Trust for Investment Grade Municipals is a national fund that reports income across 46 jurisdictions, so only part of its Box 12 amount relates to any one state.
| Item | Published figure | Fund company source |
|---|---|---|
| New York share of exempt-interest dividends, 2025 | ••.••% | Important 2025 Tax Return Document: Invesco Closed-End Funds Page 3. Income Breakdown: closed-end national funds |
Working out VGM state deductibility in New York
Preparers looking up VGM for a New York return usually start with the fund's New York percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the New York 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 VGM's tax year 2025 percentage for New York, the calculation, the document title (Important 2025 Tax Return Document: Invesco Closed-End Funds) and page 3. Subscribers can also download Invesco's document itself.