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Schwab Funds Supplementary Tax Info

 
 
john_t@nospam.com
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      04-16-2006, 06:48 AM
Schwab sends out their Schwab Funds Supplementary Tax Info
with all the usual stuff you need to fill out the always
weird fed tax free/some states yes/no tax free status of
these funds.

This year they give you the break down for the Municipal
Money fund but not the California Municipal Money fund.

AMT% is provided for both funds.

Does this imply the California fund is 100% fed and state
tax free since they don't show the state break out ?

Sorry if this reads rough.

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Ira Smilovitz
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      04-17-2006, 03:44 AM
<(E-Mail Removed)> wrote:

> Schwab sends out their Schwab Funds Supplementary Tax Info
> with all the usual stuff you need to fill out the always
> weird fed tax free/some states yes/no tax free status of
> these funds.
>
> This year they give you the break down for the Municipal
> Money fund but not the California Municipal Money fund.
>
> AMT% is provided for both funds.
>
> Does this imply the California fund is 100% fed and state
> tax free since they don't show the state break out ?
>
> Sorry if this reads rough.


There is probably a sentence somewhere in the Supplementary
Info that states that unless otherwise noted State Municipal
Bond funds are 100% tax-free in the titled state.

Ira Smilovitz

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<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
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