Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS Showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Disposal > Related-Party Exchange dialog
Show all hidden content
Use this dialog to enter data for a related-party exchange when recording an asset disposal.
To open this dialog, select 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 select 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
Enter the name and address of the related party.
Taxpayer identification number
Enter the related party's taxpayer identification number.
Relationship to you
Enter the related party's relationship to the taxpayer.
Current year disposition of the exchange properties
Related party disposed of property received during this tax year
Mark this checkbox if the related party disposed of the property received during this tax year.
Like-kind property received from related party was disposed
Mark this checkbox if the taxpayer disposed of the property received during this tax year.
Special condition
If applicable, select a special condition from the drop-down list. The following items are available in this list.
- Death of either party
- Involuntary conversion
- Non-tax avoidance transaction
Explanation
Enter an explanation of the related-party exchange if a special condition applies. (Start by using the first line provided, and use the second line if you need additional space.)
During this tax year, date exchange property was sold or scrapped
Enter the date on which the exchanged property was sold or disposed of during this tax year.
note
This field appears only if the trade occurred prior to 1/1/04.