See also: Disposal tab or Enter Disposal Information dialog overview
Use this dialog to enter data for a related-party exchange when recording an asset disposal.
To open this dialog, click the Disposal tab in the Asset Detail dialog for the appropriate asset. Select Like-Kind Exchange from the Method field, enter a date in the Date Disposed field, and click the Related Party button.
Note: Information in this dialog is used in UltraTax CS to complete the related-party information on Form 8824, Like-Kind Exchanges. This data proformas for two years after the year of sale, unless either party has resold the like-kind property. UltraTax CS transfers gains to the appropriate form based on the data entered.
Fields & buttons
Related party name, Address, City, State, Zip
Taxpayer identification number
Current year disposition of the exchange properties
Related party disposed of property received during this tax year
Like-kind property received from related party was disposed
During this tax year, date exchange property was sold or scrapped
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