Where can NY Tax free mutual funds PRNYX, FNYTX and FKNIX tax exempt interest dividends sources reported on 1099-DIV box 12 from brokers be found for state filing?

[jtaxuser]

Where can NY Tax free mutual funds PRNYX, FNYTX and FKNIX tax exempt interest dividends sources reported on 1099-DIV box 12 from brokers be found for state filing?  These NY Tax free mutual funds are not completely tax exempt from NY State taxes?

[mesquitebean]

If the state source breakdown percentage for each fund was not provided on the broker's tax supplemental information, you have to do some detective work at the website for each of the mutual funds.   Most will have a "Tax Center" or "Tax Information" or similar name for their year-end tax section.   And you may have to scroll a bit to find information that will list the various state sources, or may say something like "Tax-Exempt Income by Jurisdiction" or "Tax-Exempt Income by State", etc.  It may be a link to another page.  Different mutual fund companies may use different wording, but you can normally find the state breakdown percentages.   If you can't find it, you can phone the particular mutual fund company (they're usually easy to reach), and they should be able to guide you to the correct page with the breakdown.

Sometimes the mutual fund company has one "Tax Center" page which lists all their funds in a table with the corresponding breakdown percentage of state source, but sometimes you have to go the page for each individual mutual fund to find that tax info for that particular fund.  That's why I referred to it as "detective work."  😁

[jtaxuser]

Thanks.  For PRNYX (T ROWE PRICE NY TAX FREE BOND),  I found this link: https://www.troweprice.com/personal-investing/resources/planning/tax/fund-specific/t-rowe-price-tax-....

Their Exhibit 2 says Taxability of State Tax-Free Funds' Dividend Income.

The table for the New York Bond has for 2025:

T. Rowe Price Tax-Free Fund*	Percent of Dividend Income Exempt from State Tax
New York Tax-Free Bond	100.00%

This indicates that 100% of the exempt dividend is exempt from NY state tax.  So in TurboTax for this one, the state would be New York for the full amount in box 12 and not having to list any other state to add back on NY state return as other taxable income?

I have to search the others.

[mesquitebean]

I'm a fellow user, not a tax expert.  I can tell you how to find the info, but you'll need to decide if it's correct and suits your purposes.   If your specific mutual fund information you mentioned above tells you that your specific fund is 100% exempt from NY state tax for tax year 2025, then if it's 100% of the dividends allocated to THAT fund, there can't be any other states that need listing for THAT mutual fund, unless I'm not understanding your question correctly. 

ADDENDUM 2/16/2026 at 12:50 AM Pacific :

I don't know how your info was reported to you.  If your Box 12 from a broker shows the total exempt dividends from all 3 of those funds rather than an individual 1099-DIV for each, be sure you are allocating the Box 12 dividends among the 3 funds before you use the percentage of NY exempt funds for each fund.   Look for a comment I added below that gives an example about that. 

I also found the percentage info for each Franklin fund. 

At the Franklin mutual fund site, up near the top click "Tools and Resources."   

Under Tax Center choose "Fund Specific Tax Information."   

On the next page called "2025 Supplemental Tax Information", there is a search tool at the top.  Enter the ticker symbol.

Then when it produces the result, do NOT click on the fund name.  Instead, on that line with the fund name  look off to the right and click VIEW MORE. 

 Then scroll down a little, and you'll see displayed "Tax-Exempt Income by Jurisdiction."

[mesquitebean]

@ jtaxuser 

I don't know how your particular broker showed you the Box 12 amount; i.e., whether you have a separate 1099-DIV for each mutual fund, or whether you have a single 1099-DIV that adds up the exempt dividends for those 3 funds.   If you only have a single combined 1099-DIV for the mutual funds where the exempt dividends from all 3 are added into one amount on your 1099-DIV, you'd have to first allocate the amounts for the 3 funds to figure the total NY state exempt dividends.

As an example, let's use Funds A, B, C.    And for this example, say the broker added the exempt dividends from all 3 and put the total in Box 12 as $970 and provided the breakdown of the dividends in your info somewhere.   Let's say Fund A had $400 in exempt dividends, Fund B had $250, and Fund C had $320.  Then to figure the amount exempt in a particular state using hypothetical percentages:

Fund A:   $400 exempt dividends , with 79% state exempt, equals $316 state exempt.

Fund B:   $250 exempt dividends with 59% state exempt, equals $147.50 state exempt

Fund C:   $320 exempt dividends with 100% state exempt, equals $320 state exempt

So in this example, if the total amount of $970 exempt dividends for all 3 funds is shown in Box 12, then 783.50 would be state exempt.  

Again, I'm a fellow user, not a tax expert.  But that's my understanding of how that works.

[jtaxuser]

Thanks.  I see the information in that Franklin Templeton site, https://www.franklintempleton.com/tools-and-resources/tax-center/fund-specific-information.

[jtaxuser]

Thanks again.  In my case, it's a mix of what you explained.  2 of the funds are on a 1099-DIV  and the 3rd is on another 1099-DIV.   I would have to figure the NY exempt amounts for each of fund A and B that is part of that total in box 12 for the form that has both funds together.

Now that I see those percentages on the web site, they don't all add up to 100%.  I was figuring on using and adding the percentages for NY and US territories that are NY tax exempt to come up with the NY tax exempt total with the difference left being taxable for all the other states.  However, I am puzzled about the percentages not adding up to 100% and wondering if anyone has experience with handling the calculation in this case.

FNYTX has following listed which total 105.15% instead of what I would think should be 100%:

Tax-Exempt Income By Jurisdiction

California 0.06%
Florida 1.40%
Georgia 0.09%
Guam 0.53%
Illinois 0.52%
New Jersey 5.29%
New York 93.36%
Puerto Rico 2.92%
South Carolina 0.26%
Texas 0.40%
Washington 0.06%
Wisconsin 0.26%

[mesquitebean]

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@jtaxuser wrote:

Thanks again.  In my case, it's a mix of what you explained.  2 of the funds are on a 1099-DIV  and the 3rd is on another 1099-DIV.   I would have to figure the NY exempt amounts for each of fund A and B that is part of that total in box 12 for the form that has both funds together.

Now that I see those percentages on the web site, they don't all add up to 100%.  I was figuring on using and adding the percentages for NY and US territories that are NY tax exempt to come up with the NY tax exempt total with the difference left being taxable for all the other states.  However, I am puzzled about the percentages not adding up to 100% and wondering if anyone has experience with handling the calculation in this case.

FNYTX has following listed which total 105.15% instead of what I would think should be 100%:

Tax-Exempt Income By Jurisdiction

California 0.06%
Florida 1.40%
Georgia 0.09%
Guam 0.53%
Illinois 0.52%
New Jersey 5.29%
New York 93.36%
Puerto Rico 2.92%
South Carolina 0.26%
Texas 0.40%
Washington 0.06%
Wisconsin 0.26%

---

I'm sorry, but as a fellow user I can't explain that.   If no one else comments in this thread, you may wish to phone Franklin and find out directly from them.  The Fund companies are usually glad to help with such questions, and if the initial person there doesn't know offhand, they can likely transfer you to the specific fund people.

https://www.franklintempleton.com/about-us/contact-us

[jtaxuser]

As a fellow user, you have been very helpful. Thank you very much @mesquitebean.

Hope others with this experience can provide insight.