GnuCash: how to enter the purchase of a corporate bond with accrued interest

[Wm]

Fri, 6 Mar 2015 10:19:09 <mdck1u$16o$1 at ger.gmane.org>  Larry Evans 
<cppljevans at suddenlink.net>

>On 03/06/2015 09:51 AM, Larry Evans wrote:

>> When the bond is redeemed, I get $10,000.  Is the cost basis
>> $10,000 or $10,000+accrued_interest = $10,250?
>>
>
>One reason I'm asking this question is because of this passage:
>
>   If you bought 100 shares of ABC Corporation at $70 a
>   share and paid your broker an $8.95 commission on the
>   transaction, your cost basis for those 100 shares is
>   $7,008.95.
>
>from:
>
>  http://www.irs.gov/publications/p550/ch01.html#en_US_2014_publink10009960
>
>But, it seems that it should be either:
>  1) deduct the accrued interest from interest income
>OR:
>  2) add accrued interest to cost basis
>but not both because doing both just feels like
>getting double credit for the accrued interest deduction.

Commission and Accrued Interest are different.

This is now clearly one man and his tax return.  I'm not going to play 
unless you present a question to which the answer will be useful to more 
than one person in future.

-- 
Wm...