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INVESTMENTS
AMERICAN FUNDSMUTUAL FUND DATA
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State Exclusion Information
To the best of our knowledge, the states and jurisdictions listed in this worksheet allow individual shareholders to exclude from their taxable income a portion of the funds’ income dividends. States in which none of these funds’ income dividends qualifies for an exemption (California, Illinois and Minnesota) are not shown.
For a full list of state tax exclusion factors see the 2019 federally tax-exempt income dividends - state tax exclusion PDF
2019 Worksheet Instructions
- From the pull-down menu, select the state or jurisdiction where the income tax return will be filed.
- For each fund and share class owned, enter the tax-exempt income dividend amount reported in Box 11 of Form 1099-DIV next to the fund’s name in the worksheet.
What You Will Need
- Individuals: Your Form 1099-DIV
- Corporations: Your American Funds year-end statement (See Additional Information for Corporate Shareholders.)
- You will need the appropriate state tax form(s). Please consult your tax advisor or state tax authority.
*American Funds Tax-Advantaged Growth and Income PortfolioSM has been renamed, effective 1/1/20, to American Funds Tax-Aware Conservative Growth and Income PortfolioSM.
- 1
- This state does not impose an individual income tax. Factors are provided to help corporations and other entities that may be subject to state taxes.
- 2
- Individual taxpayers can exclude 100% of their federally tax-exempt income dividends.
- 3
- Individual taxpayers can exclude 100% of their federally tax-exempt income dividends related to fund shares acquired prior to January 1, 2012. For shares acquired on or after January 1, 2012, only dividends from Indiana sources and dividends from U.S. territories and possessions can be excluded.
- 4
- Consistent with Utah law, these factors include income from obligations of certain other states and obligations from all states acquired prior to January 1, 2003.
To determine your individual tax situation, please consult your tax advisor.