_Accrued Int on bonds sold does not appear on Tax Summary

Scott Lenowitz

It seems that if you record a bond sale using transaction "Bonds Sold" and include the accrued interest received on the sale that the interest will NOT appear on the Tax Summary report. Instead it seems that you have to record a second transaction using "Inc - Income (Div, Int, etc.)" for the interest amount for it to show on the Tax Summary report

[Edit - Moved to Windows section of the Community]

Jon

This looks like Quicken Windows, not Mac. Is it?

Scott Lenowitz

Yes, Windows.

q_lurker

”you have to record”?

When you enter the accrued interest amount on the form you showed, you are collecting that amount as you sell the bond between payments. Quicken then creates two transactions, the Sold transaction and the MiscInc transaction. That second transaction will have the Category “_Accrued Int”. Are you saying Quicken did not create that MiscInc transaction? You had to do that separately?

Scott Lenowitz

No, Quicken did create the two transactions that you noted above. The problem is that the interest does not show on the Tax Summary report. The way I got around this is to edit the MiscInc transaction by putting the amount in the Interest field and zeroing out the Miscellaneous field.

q_lurker

It is showing up ok for me in that report. Does your _AccruedInt category include the right Tax Line assignment?

Scott Lenowitz

_Accrued Int is showing up on the Tax Summary report as an Expense.

I can't seem to edit the category