· Click the Easy Actions menu, click Return Of Capital, and then fill in the Return Of Capital dialog box. Describe the accrued but unpaid interest as a negative return of capital. (This is the same technique used earlier to deal with accrued interest paid with a bond purchase.) Continue reading
Tag Archives: Interest
Recording Accrued Interest Shown on a 1099-OID
You aren’t always paid the interest that you’ve earned. If you purchase a negotiable certificate of deposit (CD), for example, the bank issuing the CD may accrue the interest you’ve earned through the end of the year and then add this amount to the CD’s value. If you purchase a zero-coupon bond, you don’t receive periodic interest payments at all. Rather, the bond issuer accrues interest each year and then repays the bond and the total accrued interest at maturity Continue reading
Describing Bond Interest and Return of Capital
Distributions Most bonds pay monthly or semiannual interest. In addition, some bonds—for example, mortgage-backed securities such as GNMA bonds—return a portion of the bond principal with each interest payment. Continue reading
Margin Loans and Margin Interest and Short Sales
Short Sales
To record a short sale transaction in Quicken, you just sell a stock you don’t own. To show that these are shares you actually owe your broker, Quicken displays the number of shares and the current market value as negative amounts in the Portfolio view. To record the transaction in which you close out your short position by buying the stock you’ve previously sold, you record a stock purchase in the usual way. Continue reading