JohnT

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    • Thu Apr 24th 13:33 PM | Rating: 0 0
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      Municipal Bond ETFs and Closed-End Funds
      I own shares in MIY. I called Blackrock and they told me that 12.32% of the income from the fund is subject to AMT. I have had to pay AMT they last two years and it look like I will have to for some time to come. With Michigan's income tax rate at 4.35%, is it better to put the money in a national AMT-free muni bond fund and pay the Michigan income tax or leave it as is?
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