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Basic Question 8 of 8
The tax exemption for municipal securities applies to ______.
II. capital gains
III. state taxes
I. interest income
II. capital gains
III. state taxes
User Contributed Comments 2
| User | Comment |
|---|---|
| Done | III also depending on if you purchase your home state's bonds. |
| steved333 | or a city bond... |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe how legal, regulatory, and tax considerations affect the issuance and trading of fixed-income securities
CFA® 2025 Level I Curriculum, Volume 4, Module 2.