2014 Alternative Minimum Tax (AMT) Information
To calculate the AMT preference item, use the calculation and the chart below. The result is the amount that may be treated as a preference item for your AMT.
Investors who hold the funds below directly with American Century Investments® can find the AMT preference item in box 11 of their Form 1099-DIV.
The total income distribution
The percentage for the appropriate fund from this chart
|Fund Name||AMT Percentage|
|California High-Yield Municipal Fund||0.00%|
|California Intermediate-Term Tax-Free Bond Fund||0.00%|
|California Long-Term Tax-Free Fund||0.00%|
|California Tax-Free Money Market Fund||0.00%|
|High-Yield Municipal Fund||7.00%|
|Intermediate-Term Tax-Free Bond Fund||0.00%|
|Long-Term Tax-Free Fund||0.00%|
|Tax-Free Money Market Fund||20.00%|
The Alternative Minimum Tax (AMT) is a parallel tax system that was created to keep high income individuals from avoiding taxes through various deductions and exemptions.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.