To apply separate passenger auto limits when electing out of Reg. 1.168(I)-6, perform the following steps.
- In the Asset List window, choose Setup > Options and click the Calculation tab.
Note: The Calculation tab is available in the Options dialog only when it is opened from the Asset List window.
- Mark the Apply separate passenger auto limits when electing out of Reg. 1.168(I)-6 checkbox.
Note: This setting applies only to like-kind exchanges that are entered after marking the checkbox.
- Click OK to close the Options dialog.
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