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Which of the following statements is FALSE regarding municipal bonds? Interest income from municipal bonds is taxable on the taxpayer's federal return. Interest from a

Which of the following statements is FALSE regarding municipal bonds?

Interest income from municipal bonds is taxable on the taxpayer's federal return.

Interest from a municipal bond will be reported on Form 1099-INT, box 8.

Municipal bond interest may be taxable in the state in which the bond was issued.

Municipal bonds are generally issued by state and local governments to fund capital improvement projects.

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