Fixed Income Again

John K. Taber jktaber at
Tue May 1 14:17:25 EDT 2007

On Tue, 2007-05-01 at 10:45 -0700, Dawning Sky wrote:

> Excuse my straightforwardness, I don't get what you're complaining about.
> I hold Treasury Bills too.  Through Treasury Direct too.  I find no
> difficulty in tracking them in GnuCash.
> Here's what I do.
> Establish an account under Asset, say named Treasury Direct.  Whenever
> you buy a note, bill, bond, whatever, transfer the amount you actually
> pay from whatever the funding account is, in my case, a savings
> account I have in another bank.  The split looks like this
> Asset:Treasury Direct               9950.00
> Asset:Savings                                                 9950.00
> At maturity, the transaction looks like this:
> Asset:Savings                      10000.00
> Asset:Treasury Direct                                     9950.00
> Income:Interst:Treasury                                      50.00
> And this is exactly what happened in the reality.  Treasury and IRS
> doesn't treat your income from T-Bills as Capital Gain.  It's an
> interest.  And what Treasury Direct tells you on how much you have in
> their account doesn't matter until reaching maturity.  You T-Bills
> don't worth $10000 until they reach maturity.
> DS

OK, you convinced me, I was wrong.


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