Federal vs New Jersey Issues - TaxPrep4Free - Home

Percent of Box 11 attributable to federal obligations (including Puerto Rico, DC, territories, etc.) is always tax-exempt in NJ Unlike interest from NJ Bonds held directly, the percent of Box 11 attributable to NJ Bonds held by mutual funds is only tax-exempt in NJ if the mutual fund is NJ specific (“NJ Qualified Investment Fund” – New ... ................
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