I have a few index bonds in my HSA, which generate dividends, and therefore may need to pay tax as a resident in CA.
1. One of the index bonds (FNBGX) is made up of around 99% of treasury obligations. Does this mean that 99% of dividends is tax free in CA?
2. Another index bond (FXNAX) is made up of around 43% of treasury obligations. Just wanted to confirm that if the treasury obligations is less than 50% of treasury bonds, the full amount of dividends is still taxable in CA for 2020.
Thanks!
