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To: rellic; Tell It Right

May I ask … are the interest from government treasuries TAXABLE?


14 posted on 03/07/2023 1:23:01 PM PST by SeekAndFind
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To: SeekAndFind; rellic
May I ask … are the interest from government treasuries TAXABLE?

Yes, unless you purchase them within a Roth IRA. For example, I don't purchase treasuries directly, I purchase a mutual fund of treasuries like PRULX. When I do that in my Roth IRA the treasury dividends are non-taxable (assuming I abide by the Roth IRA rules). I hear that you can buy individual treasuries within your Roth IRA but I've never done so.

But unless you purchase treasuries within a Roth type vehicle, then yes the interest is taxable.

16 posted on 03/07/2023 1:34:44 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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