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