Personal Finance and Investing

A HERETIC I AM

(24,815 posts)

7. The reason I ask, and you may aware of this already...

Tue Jun 20, 2017, 04:19 PM

Jun 2017

is that state specific Muni bond funds do no good to residents of other states, except those states with no income tax, as the interest income, while tax free in Virginia, is taxable in New York, for example.

That's also why I asked if it was held in a qualified account, but since it was inherited, I'll assume it isn't.

And yeah, 3% is just fine. Beats what you can get from a CD anyway, plus you aren't paying any income taxes on the interest income.

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Redomiciliation of T. Rowe Price Virginia Municipal Bond Fund [View all] mahatmakanejeeves Jun 2017 OP

I have heard some things... Else You Are Mad Jun 2017 #1

Not nepotism. mahatmakanejeeves Jun 2017 #2

Ahh, should have read that before commenting. Nt. Else You Are Mad Jun 2017 #3

No problem. It's a lot of "party of the first part, notwithstanding Provision 14(a)" stuff. mahatmakanejeeves Jun 2017 #4

I don't see it as any problem, and the reasons for the move..... A HERETIC I AM Jun 2017 #5

"I trust you are a resident of Virginia?" mahatmakanejeeves Jun 2017 #6

The reason I ask, and you may aware of this already... A HERETIC I AM Jun 2017 #7

"qualified account" I'm drawing a blank right now. mahatmakanejeeves Jun 2017 #8

Tax Qualified, as in an IRA, 401(k), 403(b), etc. A HERETIC I AM Jun 2017 #9

Oh, of course. No, it's in mahatmakanejeeves Jun 2017 #10

Being a Maryland corporation, as opposed to being a Massachusetts Business Trust, mahatmakanejeeves Jun 2017 #11