Bulk Disposal Window
Follow the guidelines provided below to complete the Bulk Disposal window.
Items in this window
| Item | Notes |
|---|---|
| Disposal Date | 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 |
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 | Enter the dollar amount of all cash received plus the value of any debts or other liabilities assumed by the buyer. |
| No-Cash Proceeds | Enter the dollar value of any non-cash items received. |
| Expenses of Sale | Enter the dollar amount of direct expenses incurred in selling or otherwise disposing of the assets. |