Preferred stocks

[silvan]

Hi Mark,

I am wondering what is the best way to deal with preferred stocks.

I would like to have them in my income schedule, because they are income investments and they pay every quarter. Most of the time they also have a first call date and a maturity date. Therefore I would have them to categorize as bonds I think. But it is not interest but dividend I receive and there is also dividend tax I have to register, and I think they should not be categorized as bonds because they are stocks.

Do you have a solution for this?

Thanks, Silvan

[Mark]

Hi Silvan,

Since you want to use the Income Schedule report, you should set the "Income Style" to "Dividends", and record that information there. You can then use the "Custom" investment properties to keep track of your call/maturity dates.

[silvan]

Thanks Mark, that's clear!