all dividends from mutual funds, investment trusts, or regulated
investment companies investing in state and municipal bonds.
that portion of any net dividends from a mutual fund, investment
trust, or regulated investment company that is attributable to Federal securities.
You cannot take this deduction unless you are provided a statement from
the fund giving the percentage of net dividends attributable to Federal
securities. A copy of the statement must be attached to the return to take
Interest income from repurchase agreements
involving Federal securities cannot be deducted.