How should I enter a tax-free bond issued by a university?

Question

I have a bond issued by a state university that pays 4% a year.  I receive checks twice a year.  How should I set it up in Quicken?  Would it be considered a Municipal Bond?  I'd appreciate any guidance.

Sherlock · Accepted Answer

I suspect it's a municipal bond.   After you create the security, I suggest you edit the security details and check Tax free., enter your holding (Bought or Added), and schedule the interest payment using an income reminder.