Zunow, I just want to go a little further on Scanner's point on munis in case you are totally new to them. Just buying munis while you are IN California isn't the trick, it's buying only munis offered BY your state's infastructure building units, say a CA school system or a CA water initiative, something of that sort. As I understand it, it has to be a CA muni bought by a CA resident for it to be free of the tax. Small but important point I think.
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