I have some Vanguard Mutual Funds that are invested in US Government Obligations, and the Vanguard advice is to
"Check with your state or local tax office or with your tax advisor to determine if your state allows you to exclude some or all of the income you earn from mutual funds that invest in U.S. government obligations."
So two questions:
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Please return to the federal section and:
I did find this:
https://www.tax.ny.gov/pdf/memos/income/m95_4i.pdf
(after much searching)
I would assume Vanguard is a "regulated investment company", and the funds in question are above 50% U.S. Government (one is 77%, another 99%) obligations, but I am not a tax-speak type of person.
Please return to the federal section and:
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