Disposition of Single Assets

ATX defaults to single-asset disposition. If a bulk disposition (sale of multiple assets) are available, a Bulk Disposition check box will be present under Disposition Information. Selecting that check box will prompt you to select or create a bulk disposition event, and then assign assets by activity.

To assign the disposition of a single asset:

  1. In the Navigation pane select the affected asset.
  2. Click the Dispositions tab.

Dispositions tab, single asset

  1. Select the desired disposition for the asset in the Type of disposition drop-down list.

Depending on the disposition type selected, required information will vary. Be sure to enter all requested information on each tab to ensure proper calculation and data flow.

  1. Enter a date for the disposition.
  2. Enter all requested information on each tab.

For sale of personal residence, the Sale of Personal Residence Worksheet in Form 8949 must also be completed.

 

See Also:

Bulk Dispositions