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Interest from a municipal bond investment is: Federally taxable and must be reported on Form 1040 Nontaxable and does not have to be reported Not

Interest from a municipal bond investment is:

Federally taxable and must be reported on Form 1040

Nontaxable and does not have to be reported

Not federally taxable, but must be reported on Form 1040

Not federally taxable and only reported on Form 1040 when the income exceeds $1500

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