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In the Account Bar, select the account you want to use.
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Click Enter Transaction.
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In the Enter Transaction list, choose Sell - Shares Sold.
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In the Number of Shares field, enter the number of savings bonds.
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In the Price field, enter the price you paid per bond (the difference between your purchase price and the redemption price is taxable interest).
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Select the account you'd like the amount of the sale deposited in.
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Identify the lots you want to use for this transaction.
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Use the Income dialog to record the remainder of the proceeds (the difference between the purchase and redemption price referred to above) as interest income.
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If you haven't been tracking ongoing interest, add add it now. (Optional)
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Enter a negative return of capital to cancel out the sale proceeds and correctly represent the bond's tax free status.