Bulk Disposal Window

Follow the guidelines provided below to complete the fields on the Bulk Disposal window.

Items in this window

Item	Notes
Disposal Date	Use this field to type the date of the asset disposal in MM/DD/YYYY format. The application uses this date when calculating gain or loss on the disposal. It applies the appropriate averaging convention.
Disposal Method	Use this field to select the disposal method. The disposal method you select determines how the system treats the default gain or loss of the disposed assets. For a full description of each disposal method, see Disposal Methods. The system applies the selected disposal method to all of the assets you have selected for the bulk disposal; however, you can edit the Disposal Method field after you have completed the bulk disposal. Note: When you perform a bulk disposal, the Like-Kind Exchange disposal method is unavailable.
Cash Proceeds	Use this field to enter the dollar amount of all cash received plus the value of any debts or other liabilities assumed by the buyer.
Non-Cash Proceeds	Use this field to enter the dollar value of any non-cash items received.
Expenses of Sale	Use this field to enter the dollar amount of direct expenses incurred in selling or otherwise disposing of the assets. The application adds this amount to the bases of the assets when calculating the gain or loss reported on the Form 4797--Sales of Property worksheet.