Tanya
Level 1
03-04-2020
06:12 PM
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How do I record multiple-partial disposals of an asset in Lacerte? The partnership sold a partial piece of land held as one asset early in the year. An additional portion of the asset was sold later in the year. Since I'm using a percentage of asset sale on the first disposal, how can I then dispose of an additional portion later in the same year?
RinaTringali61
Level 2
03-04-2020
07:07 PM
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Split out the entire asset as of 1/1 into two pieces. Then you can sell piece one here, and piece two there.
Tanya
Level 1
03-04-2020
07:09 PM
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That would be easy if it were only a few assets, but this is land that has been developed into a subdivision with several hundred lots.
RinaTringali61
Level 2
03-04-2020
07:33 PM
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Could you split into 50 lots on one, 50 on the other?