How to record early redemption of bond in my brokerage account.

embodow
embodow Quicken Windows Subscription Member ✭✭
in Investing (Windows)
A bond in my brokerage account was called early. What is the proper way to record the receipt of funds and redemption of the bond in Quicken Premium?

Answers

  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
    Bond sold.

    Quicken user since version 2 for DOS, now using QWin Premier (US) on Win10 Pro.

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭
    While "Bond sold" is the correct action to take here, there may be other entries you need to make first. 
    For example, if the bond was issued with Original Issue Discount (OID) or if you bought the bond with a market discount or premium or the bond was a zero coupon bond, then you'd want to make sure that the basis was properly stated first, (with offsets to interest income), before making the sale .  Otherwise all the income/loss associated with the early call would be posted as capital gain or loss, which wouldn't be correct.

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