JDT13
Returning Member

Would Fidelity Municipal Income capital gains for New Jersey, be tax free on the NJ Return?

 
DDollar
Expert Alumni

State tax filing

No.  While the interest paid by muni-bonds is non-taxable by the issuing state, capital gains on muni-bond sales is not tax deductible.  That would apply to muni bond funds as well as individual bonds.

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