Chatter
Level 2

When a rental property is sold, how do you allocate the sales price across multiple depreciable items like renovation improvements and purchase of new appliances? 

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sjrcpa
Level 15

Don't. Use the bulk sale feature.

The more I know, the more I don't know.
Chatter
Level 2

Don't know how to use the bulk sale feature.

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abctax55
Level 15

Type "bulk sale" in the Search box & you'll find several articles.

** IRonMaN ** is FREE 🙂
Just-Lisa-Now-
Level 15
Level 15

Youre lucky youre using Lacerte...ProSeries doesn't have a Bulk Sale option  😞   We gotta do it manually.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
George4Tacks
Level 15

I am gonna break down and offer up a nice fresh fish, but with no pole. https://proconnect.intuit.com/community/help-articles/help/entering-a-bulk-sale-of-assets-in-lacerte...

I will add one more "trick" If you have a group of assets that all need a sale date e.g. 5/31/2019 use Ctrl C to copy that data > Use Ctrl and the ꜜ (down arrow) to get to that field in the next bit of data > Use Ctrl + V to  paste the date there > Repeat > Rinse. This can be used to tie all those bulk assets together. 

Key is tie them all to one asset that has all the sales information. 


Answers are easy. Questions are hard!

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Chatter
Level 2

Thanks to all the replied.  You are extremely helpful and it is much appreciated.

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