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Mutual funds and treasuries
Old 03-12-2018, 05:37 AM   #1
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Mutual funds and treasuries

Mutual funds like Wellington and Wellesley hold US treasuries. Apparently, dividends from these holdings are federally tax exempt. But mutual funds are not required to provide clients with the amounts.

Has anyone taken advantage of these deductions? How do you find out the amounts to use?
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Old 03-12-2018, 05:47 AM   #2
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Originally Posted by Masquernom View Post
Mutual funds like Wellington and Wellesley hold US treasuries. Apparently, dividends from these holdings are federally tax exempt. But mutual funds are not required to provide clients with the amounts.

Has anyone taken advantage of these deductions? How do you find out the amounts to use?
I assume you are looking for the amount that will not be taxable by the state. Usually the MF will put out extra tax information of income due to government securities. Vanguard has in the past done this and I expect they still do. You'll need to search their sight for that. They also document the amount of muni bonds distributions by state in another document if that is relevant to you.

One of my brokers was late (for my filing) with that info. I looked at last year's data and decided not to wait as the benefit was small.
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Old 03-12-2018, 05:58 AM   #3
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Yes, VG still sends this information. I think it may have come after I got my 1099s from them. I take advantage of it because I try to answer all of the questions TT asks correctly, not really thinking about whether it's going to create more taxes due, or give me some back. So it asks whether any of the income is from US treasuries, and I check yes when appropriate, so it asks how much. A quick calculation given the % from VG and I'm done with it.
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