Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO

how to record bond amortization.

BLASTIT
BLASTIT Member
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

Answers

  • 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.  
This discussion has been closed.