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In a bulk sale of business corp assets will FAM kick out a report to use or will FAM export gain/loss into corp tax return?

barblichti
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IRonMaN
Level 15

I don't use FAM, but if you are looking at a bulk sale and you have a lot of assets, you are going to have a lot of work ahead of you because you will have to allocate a portion of the bulk sale to individual assets.  I think a lot of us tend to manually group like assets together and load in totals for cost and accum depreciation into to the tax software.


Pot Stirrer Gold Medalist - Rio de Janeiro Games

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IRonMaN
Level 15

I don't use FAM, but if you are looking at a bulk sale and you have a lot of assets, you are going to have a lot of work ahead of you because you will have to allocate a portion of the bulk sale to individual assets.  I think a lot of us tend to manually group like assets together and load in totals for cost and accum depreciation into to the tax software.


Pot Stirrer Gold Medalist - Rio de Janeiro Games

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