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re: Municipal Bonds........
Posted on 2/23/10 at 4:36 pm to Weasel74
Posted on 2/23/10 at 4:36 pm to Weasel74
It depends. You can purchase TE bonds that are intended for true governmental purposes that should be free from AMT, but any that have private activity purposes may be subject to AMT. You really would have to research the underlying bond to ensure it fits your objective in that respect. Some mutual funds will hold only non-AMT muni's, but many hold some portion which fall into AMT status.
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