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Matured Bond

RZD$

How do I remove a matured bond from my Schwab portfolio? There is no such transaction code.

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Accepted answers

Frankx

Hi @RZD$

Yes there is no such transaction type. But you should use a "Bond Sold" transaction to record the maturity of the bond for the par value.

Let me know if there are any followup questions.

Frankx

All comments

Frankx

RZD$

Thanks so much for your quick response. :)

Frankx

Hi @RZD$

Happy to help!

Frankx

leonard kearney

why doesnt quicken do this automatically? when i download (schwab) i get a remove transaction and a depositt transaction. I have to go in - delete both and enter a sold transaction.

Frankx

Hi @leonard kearney

Actually, the transactions that Schwab provided are the correct transactions. This is because there is no "sold" transaction when a bond matures. Instead, the bond (actually just the paper document, since it is no longer a "bond" after it matures) is exchanged for the bond's value at maturity. Think of it as a certificate of deposit from a bank - when it matures you get the original value plus interest - you don't "sell" it. A corporate bond is similar in "form" as that, just a little different because it is also a market instrument.

Frankx

leonard kearney

hadn't thought of it that way, interesting. So how do i categorize the deposit? it is more return of capital than interest

Frankx

Hi @leonard kearney

As I noted in my first reply to this thread - you should use a "Bond Sold" transaction to record the maturity of the bond for the par value. If the amount received is greater than par value - that would be interest income.

Frankx