Anonymous
Anonymous asked in Business & FinanceCorporations · 9 years ago

Is Wal-Mart Stores, Inc. a mutual fund that invests, at least partially, in US Government, state, or municipal?

Is Wal-Mart Stores, Inc. a mutual fund that invests, at least partially, in US Government, state, or municipal securities which would be exempt from federal and/or state tax?

Mutual funds that invest in securities that are exempt from federal tax will pass that tax exempt status through to the shareholders. The fund should provide you with a statement detailing the amount of your dividends that qualify for this status.

This is a question that popped up while filing my taxes online. Can someone tell me if they are or not?

0 Answers

Relevance
  • 9 years ago
    Favorite Answer

    Nah, Walmart is a corporation, not a mutual fund.

Still have questions? Get your answers by asking now.