Questions and answers

Is Fltmx a good fund?

Is Fltmx a good fund?

The fund’s average credit quality is AA, and as of the end of the first quarter, roughly 90 percent of its bonds were rated A or better. Lately, this fund hasn’t been putting together any earth-shattering numbers, but its consistency and caution have been a virtue.

Is Fltmx tax free?

The Fund seeks as high a level of current income, exempt from federal income tax, and preservation of capital. The Fund invests at least 80% of assets in investment-grade municipal securities whose interest is exempt from federal income tax, while maintaining a dollar weighted average of between 3 and 10 years.

Which state is your of exempt interest dividends from?

It would be the state that your fund invested in to get the tax exempt dividends.

Which money market funds are tax exempt?

Top 3 Tax-Exempt Money Market Mutual Funds

  • Fidelity SAI Municipal Money Market (FMQXX)
  • Vanguard Municipal Money Market Inv (VMSXX)
  • Invesco Treasurer’s Ser Tr Prem TxEx Ins (PEIXX)

Is Robinhood tax-exempt?

To be clear, if you didn’t sell any assets and those investments didn’t make any dividends, then you won’t have to report them to the IRS. If you made less than $10 in dividends or less than $600 in free stocks, you will still have to report this income to the IRS, but you won’t get a 1099 from Robinhood.

Which dividends are tax-exempt?

Nontaxable dividends are dividends from a mutual fund or some other regulated investment company that are not subject to taxes. These funds are often not taxed because they invest in municipal or other tax-exempt securities.

Can you lose money in a money market fund?

Because money market funds are investments and not savings accounts, there’s no guarantee on earnings and there’s even the possibility you might lose money. “It’s a very good short-term place to keep money you need to keep liquid, but you will lose money in terms of the cost of the things you buy.”

Is Vanguard Federal Money Market Fund taxable?

The income from this fund is taxed at both the federal level and the state level. There is also a Vanguard Federal Money Market Fund (VMFXX). About 70% of the income from the Federal fund is taxed at the federal level but not at the state level; the other 30% of the income is fully taxable at both levels.

Does IRS track Robinhood?

Does the IRS Care About Your Robinhood Transactions? In short, yes.

Does Robinhood hurt your credit?

Does Robinhood affect my credit score? No, investing with Robinhood has no effect on your credit score. Robinhood does not run a credit check on users who open an account with them.

Do you have to pay taxes if you reinvest your dividends?

Cash dividends are taxable, but they are subject to special tax rules, so tax rates may differ from your normal income tax rate. Reinvested dividends are subject to the same tax rules that apply to dividends you actually receive, so they are taxable unless you hold them in a tax-advantaged account.