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They are state tax free if they are issued in the state you live in. If they are federally tax free, they are tax free in any state. Be aware that not all MUNI
by 11thEarlOfMar 11y ago
They are state tax free if they are issued in the state you live in. If they are federally tax free, they are tax free in any state. Be aware that not all MUNIs are federally tax free.
You would not get the state tax free benefit of a California bond if you live in New Jersey. But you would get the federal tax free portion.
I suggest that you confirm with your brokerage's fixed income team before proceeding.