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Investing Blog Roundup: Treasury Interest from Mutual Funds and ETFs (Avoiding Unnecessary State Income Tax)

Interest from Treasury bonds is exempt from state income tax, and thatís just as true for interest from Treasury bonds held by mutual funds that you own. But as Harry Sit points out this week, the 1099-DIV the brokerage firm sends you doesnít tell you how much of the dividend distribution from a fund is from Treasury bond interest. If you donít go look it up yourself, you can end up paying unnecessary state income tax.

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