Sản phẩm & Rủi roCâu 122 / 398
Interest paid on most general obligation municipal bonds is:
a.Fully taxable at the federal level but exempt from state tax
b.Exempt from federal income tax
c.Subject to federal capital gains tax as it is received
d.Taxed only if the bond is sold before maturity
Giải thích
The interest (coupon) on most municipal bonds is exempt from federal income tax, which is their primary appeal. It may also be exempt from state and local tax for residents of the issuing state. Capital gains on munis, however, remain taxable.
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