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Get your taxes done using TurboTax
Page 12 says that the market discount portion of a tax exempt bond is not tax exempt.
Possibly that means the state tax exemption would not be valid for the market discount portion (ie the gains to sales or redemption value as opposed to those from the coupon payments). Maybe the answer to that is in your state tax code.
‎February 4, 2024
2:59 AM