Use a negative return of capital to cancel out the sale proceeds of any tax free bonds (so there’s no overall realized gain).
Entering a negative amount in the Return of Capital dialog, raises the cost basis and decreases the cash balance in your account.
A return of capital is money paid to you as total or partial repayment of the money you invested. Return of capital differs from a sale because you're not the one who initiates the return of capital. For example, a mortgage-backed security, such as a Government National Mortgage Association (Ginnie Mae), returns capital when the underlying mortgages pay off principal, which is passed on to you.
- Open the account you want to use.
- Click Enter Transactions.
- In the Enter Transaction list, choose Return of Capital.
- In the Security name field, select the bond.
- Enter the amount as a negative number.
Notes
To ensure that the market value also declines with a return of capital, you must update the price of the security. This new price equals the current price multiplied by the factor (which is supplied in your statement).
A return of capital can be downloaded into Quicken from your financial institution, but note you may need to adjust the downloaded transaction to correctly reflect a negative return status.
Note for our Canadian Customers
The following terms will be different in the Canadian releases of Quicken.
Canada: "Cheque" / United States: "Check"
Canada: "Colour" / United States: "Color"
Canada: "Centre" / United States: "Center"
Canada: "Realise" / United States: "Realize"
Canada: "Behaviour" / United States: "Behavior"
Canada: "Analyse" / United States: "Analyze"
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