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Old 02-04-2007, 12:28 AM
Michael Gordon
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Posts: n/a
Default Re: accrued interest on municipal bond

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?



  #1  
Old 02-02-2007, 04:53 PM
Kevin
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Posts: n/a
Default Re: accrued interest on municipal bond

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?



 
Old 02-01-2007, 11:40 PM
Marilyn & Bob
Guest
 
Posts: n/a
Default Re: accrued interest on municipal bond

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?



  #-1  
Old 02-01-2007, 09:57 PM
Donald S. Goldman
Guest
 
Posts: n/a
Default accrued interest on municipal bond

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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