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| If you identify the security as a bond, Money will have a field for accrued interest. Just enter it there. This assumes you're using a fairly recent version of Money; some of the very early ones didn't give this option. -- Michael Gordon "Donald S. Goldman" <don[at]mytrashmail.com> wrote in message news:OIJtpRlRHHA.1200[at]TK2MSFTNGP04.phx.gbl... - quote - > I buy a $100,000 bond for 101,000 plus $225 accrued interest. Total > purchase price is $101,225. > What is the best way to record this? As a purchase for $101,225? As a > purchase for $101,000 and then a payment of $225 in interest? |
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| Donald, The muni bonds that I have purchased and listed in Money have a place for the "Quantity" which in YOUR case would be 100,000, a place for "Price" your case, $101.00 and a place for "Accrued Interest" $225.00. If I remember correctly Money doesn't ask about accrued interest when you set up the bond purchase. You have to go into the actual bond "Buy" and edit in the accrued interest amount. Hope this helps. -Kevin "Donald S. Goldman" <don[at]mytrashmail.com> wrote in message news:OIJtpRlRHHA.1200[at]TK2MSFTNGP04.phx.gbl... - quote - > I buy a $100,000 bond for 101,000 plus $225 accrued interest. Total > purchase price is $101,225. > What is the best way to record this? As a purchase for $101,225? As a > purchase for $101,000 and then a payment of $225 in interest? |
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| If it's a municipal bond (and triple tax free), for tax purposes, your only concern is the original cost and your final sales or redemption price. All the interest is tax free. There may be some AMT consequences if the bond has "specified private activity bond interest", but that is a totally different issue. So all of the original price is basis. -- Peace, BobJ "Donald S. Goldman" <don[at]mytrashmail.com> wrote in message news:OIJtpRlRHHA.1200[at]TK2MSFTNGP04.phx.gbl... - quote - > I buy a $100,000 bond for 101,000 plus $225 accrued interest. Total > purchase price is $101,225. > What is the best way to record this? As a purchase for $101,225? As a > purchase for $101,000 and then a payment of $225 in interest? |
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#-1
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| I buy a $100,000 bond for 101,000 plus $225 accrued interest. Total purchase price is $101,225. What is the best way to record this? As a purchase for $101,225? As a purchase for $101,000 and then a payment of $225 in interest? |
| Tags |
| accrued, bond, interest, municipal |
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