Treasury notes maturing---Bought at a discount

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Gary R
Gary R Member ✭✭✭

I recently had several Treasury notes mature bought at a discount with coupons of 2.5%.

Fidelity download shows the total proceeds at face value. You have to manually adjust the difference between the proceeds and cost to enter the interest income for that Treasury note.

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  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
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    I'm not sure if this is a question or a simple statement of fact.

    Assuming it is a question, delete the download, "buy" the note back for your discounted cost (no gain or loss) and record the leftover cash as interest income.

  • Gary R
    Gary R Member ✭✭✭
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    It was not a question——but a stated fact

    I simply adjust the "net proceeds" and make it my cost basis of the Treasury

    Then I enter a new transaction with the interest income. The two numbers added together equal the total proceeds that Fidelity downloads.