Bond Redemption shares not zeroed

LarryNolan

In early February 2025 I accepted an offer to redeem a bond early. Quicken then handled three transactions from Schwab to redeem the bond and post interest income that was due me.

Quicken did NOT zero out the shares for the bond so my Roth IRA Portfolio still shows shares TWICE:

To get at least the Transactions Register to have the right Balance I added a manual Reconcile Adjustment.

Is there some other cleaner way to 1) remove the bond entries in the Portfolio view and

2) properly fix the Transactions Register?

MontanaKarl

Schwab downloads for bonds that mature or sell is always wrong - using the Payment/Deposit type. It is a Schwab thing and they've expressed no interest in improving the data that they send to Quicken.

It looks like Schwab did an "Add Shares" of 400 shared with a modified name to reflect the early redemption. This reflects, I believe, your stepped up cost basis on the bonds (reflecting basis amortization vs the original in the other entry). Verify that on your Schwab statement and Schwab Realized Gain/Loss tab.

If that's the case, as I suspect, then the other 400 shares should be removed. Note the two different names. Do a Remove Shares transaction of the original bond name/CUSIP on the same date as the Add Shares transaction for the revised bond name/CUSIP. That should leave you with 400 shares for the next step.

The 0.00 transaction can be deleted - serves no purpose. The redemption one needs to be edited manually - as any other maturing fixed income such as a Treasury, CD, bond, etc. from Schwab. A full redemption call is pretty much the same steps as maturation:

The redemption transaction should be edited and the type changed to a "Sell Bonds" transaction for that U of CO bond (with the new name that includes "SUBMITTED FOR…"). That will remove it from your portfolio and treat the amount received as gross proceeds. There should be no holdings for this bond at this point.

The final step, if you care, is to go to Window > Securities and find the two names for this U of CO bond and edit the name - many of us add "z" as a prefix… to sort it to the bottom of the list so that when working on transactions in the future, this name won't show up in ordinary sort order. (One day, Quicken will allow us to hide matured securities that can never be purchased again.). If you have other matured fixed income securities, do the same… or wait patiently for Quicken to eventually let us selectively hide matured ones from transaction drop-down lists.

LarryNolan

The Roth IRA Positions in Schwab is correct.

MontanaKarl

Schwab downloads for bonds that mature or sell is always wrong - using the Payment/Deposit type. It is a Schwab thing and they've expressed no interest in improving the data that they send to Quicken.

It looks like Schwab did an "Add Shares" of 400 shared with a modified name to reflect the early redemption. This reflects, I believe, your stepped up cost basis on the bonds (reflecting basis amortization vs the original in the other entry). Verify that on your Schwab statement and Schwab Realized Gain/Loss tab.

If that's the case, as I suspect, then the other 400 shares should be removed. Note the two different names. Do a Remove Shares transaction of the original bond name/CUSIP on the same date as the Add Shares transaction for the revised bond name/CUSIP. That should leave you with 400 shares for the next step.

The 0.00 transaction can be deleted - serves no purpose. The redemption one needs to be edited manually - as any other maturing fixed income such as a Treasury, CD, bond, etc. from Schwab. A full redemption call is pretty much the same steps as maturation:

The redemption transaction should be edited and the type changed to a "Sell Bonds" transaction for that U of CO bond (with the new name that includes "SUBMITTED FOR…"). That will remove it from your portfolio and treat the amount received as gross proceeds. There should be no holdings for this bond at this point.

The final step, if you care, is to go to Window > Securities and find the two names for this U of CO bond and edit the name - many of us add "z" as a prefix… to sort it to the bottom of the list so that when working on transactions in the future, this name won't show up in ordinary sort order. (One day, Quicken will allow us to hide matured securities that can never be purchased again.). If you have other matured fixed income securities, do the same… or wait patiently for Quicken to eventually let us selectively hide matured ones from transaction drop-down lists.

LarryNolan

Well I couldn't exactly match steps with your suggestions but was brave enough to do roughly your steps. I don't think I would have proceeded without your descriptions.

I have the Portfolio for the account correct! And the transactions appear reasonable.

I did utilize the "z" tag in renaming the U Colorado securities that were sold.

Thanks very much,

Larry

LarryNolan

sharing also that my Mac is an M1 iMac with Sequoia 15.3.1 and like MontanaKarl have Win11 via Parallels macOS virtual machine (just to keep up a little with the big fish)