Disposal > Related-Party Exchange dialog

Show expandable text

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

Current year disposition of the exchange properties

Was this article helpful?

Thank you for the feedback!