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Chris W. Rea
Chris W. Rea
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Municipal Bond Etf Tax Exemption Status How can I determine if I qualify for a tax exemption on distributions from a municipal bond ETF?

I am interested in two municipal ETF’sETFs for my IRA retirement account;account: NXJ (New Jersey Municipal Bond Fund) and NRK (New York Municipal Bond Fund). 

I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ, will I get a tax exemption on the distributions received from the fund? Would it be on the state and federal capital gains? 

How about NRK, a New York municipal fund. Would I still receive a tax exemption?

Municipal Bond Etf Tax Exemption Status

I am interested in two municipal ETF’s for my IRA retirement account; NXJ (New Jersey Municipal Bond Fund) and NRK (New York Municipal Bond Fund). I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ, will I get a tax exemption on the distributions received from the fund? Would it be on the state and federal capital gains? How about NRK, a New York municipal fund. Would I still receive a tax exemption?

How can I determine if I qualify for a tax exemption on distributions from a municipal bond ETF?

I am interested in two municipal ETFs for my IRA retirement account: NXJ (New Jersey Municipal Bond Fund) and NRK (New York Municipal Bond Fund). 

I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ, will I get a tax exemption on the distributions received from the fund? Would it be on the state and federal capital gains 

How about NRK, a New York municipal fund. Would I still receive a tax exemption?

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ChrisInEdmonton
ChrisInEdmonton
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Municipal Bond Etf Tax ExcemptionExemption Status

I am interested in two municipal ETF’s forfor my IRA retirement account, NXJ= Newaccount; NXJ (New Jersey Municipal Bond Fund. NRK= New) and NRK (New York Municipal Bond Fund). I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ, will I get a tax exemption on the distributions received byfrom the fund? Would it be on the state and federal capital gains? How about NRK, a New York Munimunicipal fund. Would I still receive a tax exemption?

Municipal Bond Etf Tax Excemption Status

I am interested in two municipal ETF’s for my IRA retirement account, NXJ= New Jersey Municipal Bond Fund. NRK= New York Municipal Bond Fund. I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ will I get a tax exemption on the distributions received by the fund? Would it be on the state and federal capital gains? How about NRK, a New York Muni fund. Would I still receive a tax exemption?

Municipal Bond Etf Tax Exemption Status

I am interested in two municipal ETF’s for my IRA retirement account; NXJ (New Jersey Municipal Bond Fund) and NRK (New York Municipal Bond Fund). I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ, will I get a tax exemption on the distributions received from the fund? Would it be on the state and federal capital gains? How about NRK, a New York municipal fund. Would I still receive a tax exemption?

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jessica
jessica
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Municipal Bond Etf Tax Excemption Status

I am interested in two municipal ETF’s for my IRA retirement account, NXJ= New Jersey Municipal Bond Fund. NRK= New York Municipal Bond Fund. I live in New Jersey and NXJ currently has a distribution yield of 5%. If I buy NXJ will I get a tax exemption on the distributions received by the fund? Would it be on the state and federal capital gains? How about NRK, a New York Muni fund. Would I still receive a tax exemption?