susanmcl
Level 1
01-12-2022
10:17 AM
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I have a client selling a motel for $5.8M. His asset schedule contains hundreds of assets. How can I report this sale without marking each asset separately within Fixed Asset Manager as sold? I would like to be able to use FAM for this return if possible.
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jeffmcpa2010
Level 11
01-12-2022
12:35 PM
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Is he selling the Corporation (ie the Stock) or is the corporation selling it's assets?
dkh
Level 15
01-12-2022
04:03 PM
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I haven't used FAM for several years but I believe there is an option to do a Bulk sale. However, first review @jeffmcpa2010 question because you said they are selling C Corporation
susanmcl
Level 1
01-12-2022
04:11 PM
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He's selling the assets...I know, he shouldn't have done that, but I wasn't involved! He intends to keep the business open for further ventures.
