nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

Redeeming a Bond

lou_garfinkle

My broker redeemed a bond in my IRA and put the proceeds into the cash part of the IRA. I downloaded the transaction and the category was listed as uncategorized. What would be a better category for this transaction? Just a Transfer?

Find more posts tagged with

Comments

Tom Young

The bond redemption should be recorded as a sale of a security, maybe at no gain or loss depending on whether you bought the bond at par. If the "cash part of the IRA" is a different Account than the Account in which the redemption took place, then that would be accounted for as a transfer.

lou_garfinkle

the cash part is in the same account.

Tom Young

lou_garfinkle said:

the cash part is in the same account.

Then you shouldn't need a transfer, just the sale.