how to record bond amortization.

edited November 2019 in Investing (Windows)
have bonds in investment account set up in quicken. monthly, broker records amortization but it is a non transaction type of adjustment. there is no category for amortization in quicken so how do i record it to keep cost basis same as broker.

Best Answer


  • q_lurker
    q_lurker SuperUser ✭✭✭✭✭
    What Tom suggested is what I do.
    RtrnCap as a positive value reduces the cost basis of the bond.
    MiscExp for the same amount with the category = "_IntIncTaxFree" since the interest paid by the bond goes naturally to that category.  
    Memo field on both transactions identifies as an amortization of bond premium, in some cryptic terminology.  
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