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What is the best method to enter a bond that matures?

Ann Lewis

I have searched the Quicken Community and the web and I'm having trouble finding a solution of how to enter a bond that matures. I have tried "return of capital" but the cash is not reflected in the cash balance of account. I have also tried "sold bond" but then I have a capital gain. Any recommendations are appreciated!

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NotACPA

A bit more info needed.

What price, per $1000 face value, did you pay for the bond. IF, less than $1000 ... you do indeed have a CapGain.

Selling the bond, for face value, is the proper approach.

So, please elaborate upon your issue.

Ann Lewis

Purchased at face value, received face value, so no CapGain.

bmciance

Put it in as “Bonds Sold”. That will allow you to also put in the interest you are receiving on the maturity.

Ann Lewis

Thanks, but interest was paid quarterly. So the interest payment was paid (downloaded into Quicken) as a separate transaction. When I use "Bonds Sold" there is a Capital Gain reported on the date the bond matured.

Ann Lewis

PS "Bonds Sold" gives a correct cash balance, but with a CapGain. Thanks!

bmciance

Are you sure the amount you are receiving at maturity doesn't include interest? If that is a separate item downloaded then it sounds like you do have a capital gain unless your cost of the bond is incorrect.

Ann Lewis

I think I found the issue. Argh! There were two investment accounts and the bond was transferred about 4 years ago with a placeholder automatically entered. Once I cleaned that up, sold the bond, there is no CapGain. Thank you so much for your help!

Peter Ernst Djuric

Can you help with my question since this one is as close as I can find in the community.

I am showing the income item from a matured bond with an empty CATEGORY. I have balanced out the return of capital. What category can I use so the item doesn't in income. There was no capital gain, that was broken out as interest.

q_lurker

@Peter Ernst Djuric When a bond matures I may see three different transactions - a final interest payment received, an amortized bond premium, and the face value proceeds from the matured bond.

What real world transactions are you trying to deal with in this case? What is "income item"?

What category can I use so the item doesn't in income.

Word or words missing?