, income derived from sources within Puerto Rico by individuals
who are bona fide residents ... Rico) will be 100 percent
tax exempt from Puerto Rico income taxes.
Since
I.R.C
.
Section
933
also does not subject this interest and dividends to federal taxation, the
income will ... becoming
a Puerto Rico resident and, therefore, would entitle the investor to the
I.R.C
.
Section
933
exclusion for
such portion.
6 Any tax paid or accrued with respect