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nguyendiepanh
January 6, 2025
Question

Can my S Corp hold tax exempt municipal bonds and benefit from the federal, state (same state as incorporated and operated in) and local tax exemption rule?

  • January 6, 2025
  • 1 reply
  • 0 views
Let's say my S-Corp was incorporated in New Mexico and purchases New Mexico tax exempt municipal bonds. Will the income from the munis eligible for federal state and local tax exemption just as a natural person investor would? Thank you!

    1 reply

    R
    RobertB4444
    January 14, 2025

    Yes, municipal bonds are exempt from federal taxes for corporations or individuals.

     

    @nguyendiepanh 

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