Recognize the gain for book on a like-kind exchange
Do the following to recognize the gain for book on a like-kind exchange.
- Select theDisposaltab, then selectBook Calc.
- Mark theTransaction significant (all gain recognized)checkbox.noteThis checkbox is only available for like-kind exchanges. IfBook Calcisn't available, markFollow GAAP calculations for disposalscheckbox on the Options screen inSetup,Treatments, thenBook.
