fisemper
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I'm looking to put some extra cash into mutual funds that are listed at tax-exempt. Not trying to add to my tax bill. My question is do the dividends get reported to the IRS, maybe as qualified divs?
Tax exempt divs from a mututal fund are reported in box 11 of the 1099-DIV. You put them on line 2a of your 1040.
I'm looking to put some extra cash into mutual funds that are listed at tax-exempt. Not trying to add to my tax bill. My question is do the dividends get reported to the IRS, maybe as qualified divs?
I think I like this option. I'll have to go back and have a look.Vanguard has a nice mutual fund called something like "Tax Managed" fund. The stock portion is managed to not pay many dividends or capital gains, and the bond portion is in federally tax exempt municipal bonds.