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MUNI MTG Message Board

  • ab38x30 ab38x30 Jul 28, 2007 5:01 PM Flag

    AMT/Tax law

    Will any of you long-time holders let me know whether the tax exempt income distributed by MMA is subject to the alternative minimum tax?

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    • From the munimae website:

      How much of the distributions are subject to the Federal "alternative minimum tax" (AMT)?

      If you are subject to the AMT, based on the information currently available, we estimate that a significant portion of the distributions you receive from MuniMae would be includable in alternative minimum taxable income classified as income taxable under the AMT rules. You should consult your tax advisor about whether you are subject to the AMT.

      Good luck.

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