Bond premium amortization

Mike's Avatar

Mike

22 Apr, 2019 03:23 PM

If I buy a bond at a premium, that premium is amortized over the life of the bond. The amortization reduces the tax basis of the bond and it offsets the coupon payments in calculating taxable income. I can't see any easy way to record the amortization in MoneyDance since it is a noncash item. Any suggestions for how to handle this?

Thanks for your help.

  1. System closed this discussion on 22 Jul, 2019 03:30 PM.

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