They appear to be. I suggest calling Vanguard to double check.
Capital gains are exempt from New Jersey income tax if they are from a New Jersey qualified investment fund. A qualified investment fund must:
- Be a regulated investment company;
- Invest 80% or more of its funds (other than cash or receivables) in securities that are exempt from New Jersey Income Tax; and
- Complete and retain Form IF-1, Certification of Qualified Investment Fund, to document its status. This certification does not need to be filed with us, but must be made available upon request.
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