Schwab Funds Supplementary Tax Info

Discussion in 'Tax' started by john_t@nospam.com, Apr 16, 2006.

  1. Guest

    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.

    << ======================================================= >>
    << The foregoing is intended for educational purposes only >>
    << and does NOT constitute legal OR professional advice. >>
    << >>
    << The Charter and the Guidelines for submitting >>
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    << Copyright (2006) - All rights reserved. >>
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    , Apr 16, 2006
    #1
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  2. <> 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

    << ======================================================= >>
    << 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. >>
    << ======================================================= >>
     
    Ira Smilovitz, Apr 17, 2006
    #2
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