Add split to Sell Bonds for better T-bill handling
mauldin006
Member ✭✭✭
Using Quicken Connect, correctly recording a treasury bill transaction could be simplified if the Sell Bonds transaction type allowed a split. As it is, two additional steps are needed to properly record a treasury bill. Here is the lifecycle today:
- Buy one T-bill for $950.
- Upon T-bill maturity, receive $1000 in Sell Bonds category.
- Manually adjust $1000 Sell Bonds transaction to $950.
- Manually add a $50 interest income transaction, which is the way the IRS views it.
A better way would be to allow a split to $950 Sell Bonds + $50 interest. That would preserve the original $1000 transaction and also be simpler.
Or maybe add a new transaction type for T-bills with those characteristics.
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