It is a known problem and has been for quite a while now.
http://support.microsoft.com/default...b;en-us;823031 documents it,
but be aware that the workaround I suggested there doesn't work.

--
Michael Gordon


"Mimi" <Mimi[at]discussions.microsoft.com> wrote in message
news:05CD87BB-D3A7-457E-999A-2C4147B64FAD[at]microsoft.com...
- quote -

Hello!
I am having a terrible time handling fixed income securities. I am buying a
lot of treasury bills and at their maturity they are considered as Investment
income: Interest.
I have found no way for the program to flag me for maturities.
If Money cannot handle Treasury Bills and this is a known problem, Why
don't they fix it?



"George" wrote:

- quote -

"George" wrote:

- quote -

this also works, but exporting to tax programs can be problematic as the
interest needs to be recognized as emanating from Treasury securities and,
therefore, free from state income taxes.

--
Michael Gordon


"L Cramer" <lzcraexcludemer[at]yahoo.com> wrote in message
news:sSBTh.3517$Xq6.1264[at]newsfe12.lga...
- quote -

Yes, it sees the interest as a st capital gain. You can tweak Money to get
the interest to appear as interest. The problem is that -- if you export to
a tax program -- it can appear as interest or st capital gains or (worst of
all) as both.

--
Michael Gordon


"George" <George[at]discussions.microsoft.com> wrote in message
news:B82514DC-0524-48DE-A554-18748CAEC9FE[at]microsoft.com...
- quote -

Thanks, Michael. I found that KB article and changed my recording practice.
I now enter the quantity such as 10000 into the Quantity box. I then enter
the price as 99.5 for example. It appears that Money should calculate the
accrued interest but doesn't. So I subtract 9,500 from 10,000 and enter 500
into the Accrued Interest box. I also enter the investment name as someone
else has suggested, such as T-Bill exp 04/05/07 912795ZA2. The interest now
appears in reports as INTEREST. I think this will meet my needs although if
I were downloading into a tax program, it might not. I have several different
Treasury Direct accounts but cannot get the account name into the reports.
Thus, I run a separate report for each account.
Thanks,
George

"Michael Gordon" wrote:

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The interest will be recorded on Schedule B in the Tax Report if the T-bill
is treated as a CD and the buy and sale/redemption entered at net cost. The
interest should be entered as a separate transaction. I'm using M2004.


"Michael Gordon" <gordonm[at]denison.edu> wrote in message
news:e6qmw8VfHHA.4032[at]TK2MSFTNGP02.phx.gbl...
- quote -

The short and sad answer is that you can't -- a known problem in Money for
several years now. I recommend excluding the transactions from your tax
reports and entering the 1099-INT data manually on your tax form. There's a
KB article which documents the problem, but doesn't offer a solution.

--
Michael Gordon


"George" <George[at]discussions.microsoft.com> wrote in message
news:65D44458-4BCD-4791-863C-8C5D1698E2FC[at]microsoft.com...
- quote -

How does one record a T-Bill purchase and then a redemption in Money so that
the interest shows up in the tax reports such as schedule B?