24/7 Wall Street
23 May 2026, 15:04 UTC · 2h ago
Source · https://247wallst.com/investing/2026/05/23/your-treasury-income-may-already-be-paying-california-unless-youre-holding-it-in-this-etf/
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The iShares California Muni Bond ETF (CMF) offers a tax-equivalent yield of 6.84% for high-income California residents. — High tax-equivalent yields make specific muni ETFs more attractive relative to taxable bonds for a significant segment of retail investors.
+0.30Treasury ETF distributions may not be cleanly isolated on 1099 forms, potentially leading investors to overpay state taxes unless they manually adjust returns. — This is a frictional tax inefficiency that may slightly reduce the appeal of Treasury ETFs like GOVT compared to direct holdings or muni alternatives.
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Mentioned as a historical success call by an analyst who is now naming top AI stocks.
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