Fund Tax Pro
VTN New Jersey (NJ) exempt-interest percentage, tax year 2025
Invesco Trust for Investment Grade New York Municipals is a New York fund. A New Jersey 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 |
|---|---|---|
| New Jersey share of exempt-interest dividends, 2025 | ••.••% | Important 2025 Tax Return Document: Invesco Closed-End Funds Page 3. Income Breakdown: closed-end national funds |
| Federal AMT percentage, 2025 | ••.••% | Important 2025 Tax Return Document: Invesco Closed-End Funds Page 2 |
Working out VTN state deductibility in New Jersey
Preparers looking up VTN for a New Jersey return usually start with the fund's New Jersey percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the New Jersey 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 VTN's tax year 2025 percentage for New Jersey, 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.