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JDT13
New Member

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

 
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DDollar
New Member

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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DDollar
New Member

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.

View solution in original post

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