Reading Time: 2 minutesBy: Kristina Zvinakis, Contributor to the South-Western Federal Taxation series Traditionally, municipal bonds are an appealing investment for high–income taxpayers because, as much of the discussion about them notes, the interest paid by such bonds is “almost always” exempt from Federal income tax. The “almost always” reference relates to private activity municipal bonds. Such bonds are issued to attract private investment for projects that have some type of public […]
AMT and Private-Activity Municipal Bonds
