Record the purchase of U.S. savings bonds by adding a U.S. savings bond to the Security List.
If you use the cash method of accounting, as most individual taxpayers do, you generally report the interest on U.S. savings bonds when you receive it. Use the Income dialog to record the remainder of the proceeds as interest income.
If you use the accrual method of accounting, you must report interest on U.S. savings bonds each year as it accrues. For details, see zero-coupon bonds.
If you are using What Should I Sell to evaluate whether a U.S. savings bond should be cashed in early, make sure you have entered the savings bond interest in the penalties field of the Transaction Fees dialog for the account from which you purchased the bond. For example if a U.S. Series I Savings Bond pays 5% interest, then cashing it in early would cost you the most recent six month's interest (5% in this case).
Recording a transaction in Quicken does not execute a real-world trade, transfer, or other transaction. Contact your broker to execute trades or transfers, and then manually record the transactions in Quicken-better yet, download them directly from your participating financial institution.