Transfer as a Disposal Window

Follow the guidelines provided below to complete the fields on the Transfer as a Disposal window.

Items in this window

Item	Notes
Disposal Date	The system automatically completes this field, using the same date as the transfer date.
Disposal Method	The system uses this field to display the transfer disposal method. On a disposal report, the Disposal Method column displays a "T" (for "transfer").
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. If the transfer is a like-kind exchange, also include the value of any property received that is not like-kind.
Non-Cash Proceeds	Use this field to enter the dollar value of any noncash items received during the transfer. If the disposal is a like-kind exchange, include the value of any like-kind property received.
Expenses of Sale	Use this field to enter the dollar amount of direct expenses incurred in selling or otherwise disposing of the asset.
Gain/Loss	The system uses this field to display the realized gain or loss on the disposal after the calculation is complete. The disposal method determines the realized gain or loss. You can override the amount by entering your own figure. Precede a negative number with a negative sign; do not enclose a loss amount in parentheses.
Recognize?	The system displays No in this field. The gain or loss on a transfer treated as a disposal is not recognized. You can view the gain or loss amount on the Disposal report.
[Calculate]	Select this button to calculate the gain or loss amount on the disposal.