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Income Tax Planning
Chapter 15: Alternative Minimum Tax/MUNICIPAL BOND INTEREST
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 15: Alternative Minimum Tax

MUNICIPAL BOND INTEREST

01.Core Concepts

General Rule • Interest is exempt from income tax. Exceptions • Taxable Municipal Bonds • Non-Public Purpose municipal bonds when the taxpayer is subject to the AMT. • Gains on sale of municipal bonds are subject to income tax.