For state income tax purposes, a number of states allow “pass-through” treatment of mutual fund dividends derived from interest on U.S. government obligations. To calculate the amount of dividends qualifying for pass-through treatment, multiply the amount in Box 1a of your Form 1099-DIV by the percentages that apply to your state.
The types of government securities that qualify for such treatment vary by state. Please consult with a tax advisor to determine which, if any, of the obligations listed in the following table may be exempt from your state income tax.
At Thrivent Mutual Funds, we recommend you consult your tax advisor to make sure you’re getting the most out of your investments. Thrivent Mutual Funds and their representatives cannot provide legal or tax advice.