Redeeming a Bond
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lou_garfinkle
Member ✭✭
My broker redeemed a bond in my IRA and put the proceeds into the cash part of the IRA. I downloaded the transaction and the category was listed as uncategorized. What would be a better category for this transaction? Just a Transfer?
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Comments
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The bond redemption should be recorded as a sale of a security, maybe at no gain or loss depending on whether you bought the bond at par. If the "cash part of the IRA" is a different Account than the Account in which the redemption took place, then that would be accounted for as a transfer.0
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the cash part is in the same account.0
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lou_garfinkle said:the cash part is in the same account.
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