Massachusetts exempt capital gains on munis


D

Dan Lanciani

Each year my Fidelity Mass muni fund reports a percentage of
its capital gain distributions which may be exempt from Mass
tax. Any idea what kind of transactions generate such
(potentially) exempt gains? Obviously I'm interested in
whether any of the munis that I hold directly might enjoy
similar treatment...

Dan Lanciani
[email protected]*com
 
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R

rick++

Many states exempt bonds from their own cities or
construction projects.
 
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D

Dan Lanciani

Many states exempt bonds from their own cities or
construction projects.
But what exactly do they exempt? All capital gains?
I can't find a reference to anything other than the
obvious interest exemption.

Dan Lanciani
[email protected]*com
 

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