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Hi, I am considering investing in the Vanguard California Tax-Exempt Money Market Fund, which is exempt from state and fed taxes:

However, due to some large capital gains this year, I will be in the highest tax bracket for 2005 and also have to pay AMT. So I am wondering if the tax exempt status of the fund will still be applicable since I am paying AMT. In other words, does the AMT liability disqualify the tax exemption ?

Also, I normally file with Turbotax. Will the extra tax complexity of this fund make my federal and state tax filing significantly more tedious than it already is ?

Many thanks, enjoy the board..
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