Hi All,
I currently live in NY and will be moving to NJ soon and am in the 35% tax bracket.
1. I was reading some past posts about taxes on muni funds i.e. https://www.bogleheads.org/forum/viewtopic.php?t=406496 and if I am reading it right, the only thing that is tax free is the dividends the bonds. What taxes do I have to pay if I sell it at a gain?
2. 3. I own VNYUX (NY long term tax-exempt bonds) and will be moving to NJ soon. What should I do with this fund? It currently has about 3k in long term capital gains.
3. Since I am in a high tax bracket , am I better off keeping money in a fund such as (Fidelity® New Jersey Municipal Money Market Fund) as opposed to a high yield savings account?
I currently live in NY and will be moving to NJ soon and am in the 35% tax bracket.
1. I was reading some past posts about taxes on muni funds i.e. https://www.bogleheads.org/forum/viewtopic.php?t=406496 and if I am reading it right, the only thing that is tax free is the dividends the bonds. What taxes do I have to pay if I sell it at a gain?
2. 3. I own VNYUX (NY long term tax-exempt bonds) and will be moving to NJ soon. What should I do with this fund? It currently has about 3k in long term capital gains.
3. Since I am in a high tax bracket , am I better off keeping money in a fund such as (Fidelity® New Jersey Municipal Money Market Fund) as opposed to a high yield savings account?
Statistics: Posted by BogleAlltheWay — Mon Feb 26, 2024 9:38 pm — Replies 0 — Views 114