2008 Tax Statement Florida Municipal Cash Trust Institutional Shares
CUSIP: 60934N336
Fund Number(s): 625
Federal Regular Income Tax Information
All dividends are exempt from federal regular income tax. Due to the provisions of the Tax Increase Prevention and Reconciliation Act of 2005, these dividends are now required to be reported to you and the Internal Revenue Service on Form 1099-INT. The fund also paid taxable Long-Term Capital Gain and Short-Term Capital Gain dividends which will be separately reported to you and the Internal Revenue Service on Form 1099-DIV.
Short-term capital gain distributions are fully taxable and are included in ordinary dividends.
Federal Alternative Minimum Tax Information
A portion of the fund's income results from investments in private activity municipal bonds (as described in the prospectus). While these bonds generally offer higher yields than traditional municipal bonds, the income they generate will be a preference item for purposes of calculating the Alternative Minimum Tax (AMT). Fund holdings of AMT securities will vary throughout the year. The amount reported in Box 9 of your Form 1099-INT was calculated using the average AMT percentage for the year. The table below lists the actual percentage of the each distribution paid by the fund which relates to AMT. Please note that the Alternative Minimum Tax percentage does not apply to Short-Term or Long-Term Capital Gain distributions. Your tax advisor can provide you with more information about this tax and your reporting of the fund distributions.
Distribution Date
Monthly AMT %
01/31/2008
62.01
02/29/2008
51.26
03/31/2008
56.48
04/30/2008
56.56
05/31/2008
56.57
06/30/2008
56.25
07/31/2008
54.91
08/31/2008
58.70
09/30/2008
64.88
10/31/2008
53.62
11/30/2008
43.55
12/22/2008
N/A
12/31/2008
40.34
State Tax Information
California Residents: Any distributions earned on bonds issued by a state other than California are reported to the California Franchise Tax Board, pursuant to California Revenue and Taxation Code Section 18639.
Percentage of Income Earned by State
Some states may exempt from tax the portion of dividends generated by its own municipal obligations. Because of this, a percentage of your dividends may be exempt from state or local taxes.
State tax laws vary, please consult your tax advisor to determine if your state allows this exemption.
State
Year-to-Date %
State
Year-to-Date %
Alabama
0.28
Montana
0.00
Alaska
0.00
Nebraska
0.00
Arizona
0.00
Nevada
0.00
Arkansas
0.00
New Hampshire
0.06
California
1.09
New Jersey
10.18
Colorado
0.00
New Mexico
0.00
Connecticut
0.00
New York
0.65
Delaware
0.00
North Carolina
0.00
District Of Columbia
1.17
North Dakota
0.00
Florida
80.39
Ohio
0.00
Georgia
0.00
Oklahoma
0.00
Hawaii
0.00
Oregon
0.00
Idaho
0.00
Pennsylvania
0.14
Illinois
1.04
Puerto Rico
0.10
Indiana
0.49
Rhode Island
0.10
Iowa
0.00
South Carolina
0.43
Kansas
0.11
South Dakota
0.00
Kentucky
0.21
Tennessee
0.00
Louisiana
0.03
Texas
0.17
Maine
0.00
Utah
0.00
Maryland
0.04
Vermont
0.00
Massachusetts
0.11
Virginia
0.29
Michigan
0.00
Washington
0.02
Minnesota
0.09
West Virginia
0.51
Mississippi
0.06
Wisconsin
0.00
Missouri
0.19
Wyoming
0.00
Additional tax-free income of 2.05% cannot be allocated to any particular state.
A portion (0.10%) of the fund's income was earned from Puerto Rican securities. These are fully exempt from federal regular income tax and may be exempt from state and local taxes.
In addition, dividends are tax-exempt if 95% or more of the fund's income is earned from Minnesota obligations. If it is, only the portion of income derived from non-Minnesota obligations is taxable.
