DO YOU OWN MUNICIPAL BONDS? THEN DON’T MISS THIS CALL
Hi Everyone, Brooks here. Happy Sunday morning, I hope you all had a great week. I’m excited to invite you to our first Street Sheet Research members-only conference call:
The Muni De Minimis Trap (Friday 11/14 @ 11:00 AM ET)
This Friday, November 14 at 11 AM ET, we are hosting a live, Street Sheet Research members-only webinar with Ed Mahaffy, MBA, CFP®, ChFC, a financial advisor and subject-matter expert in municipal bond strategy.
Ed, who runs ClientFirst Wealth, Legacy & Estate Planning, will walk through one of the most misunderstood risks in the muni market right now — the de minimis tax trap — a rule most investors have never even heard of, but one that can convert what you thought was tax-exempt yield into ordinary income taxation when the bond matures, is sold, or is called.
If you bought individual muni bonds in 2022–2023 when prices were depressed and yields looked incredible, this is especially relevant. Many investors are sitting on a future tax bill they don’t know exists.
On the call we’ll cover:
What the de minimis rule is and why almost nobody is paying attention to it
Which types of bonds are exposed and how to identify them in your account
A year-end swap strategy that can reduce future ordinary income exposure
How to think about “true yield” vs. headline yield going into 2026
Format: 35–40 minutes with Ed, then live Q&A for Research members only. If you currently own municipal bonds, or you’re thinking about investing in them, you do not want to miss this call.
Have a wonderful weekend, excited to see you all on Friday!
— Brooks & The Street Sheet Team