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Take the total interest earned and multiply by the percentage, for example 25% of $48.00 would be $12.00
(.25 x 48 = 12)
warning those tax-exempt numbers are for Federal Purposes Only. each state has specifics on which of its bonds are exempt from its own tax. that is usually not the same as the number you see. generally, the fund provides no breakdown by security so in most cases it's not possible to know how much is exempt. if any, from your state's income taxes. I would say that your resident state does not exempt any out-of-state muni interest so you may be spending a lot of effort that may produce little or no state income tax benefit.
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