How are bond funds taxed?
I know there are different bond funds. Some are taxed exempt at certain levels and some are not. What about bond funds that are not taxed exempt at either state nor federal level? Is there an option to have the tax taken out before the distribution? Do you have to pay the taxes after receiving the distributions for the whole year?
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger