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Level 7
June 28, 2026
Question

Any disadvantage from using Bulk Sale Feature in Fixed Asset Manager for S Corp Asset Sale

  • June 28, 2026
  • 1 reply
  • 14 views

An S Corp has a little over 200 assets listed in FAM that were sold in an asset sale. Has anyone used the bulk sale feature in FAM?

It appears that the bulk sale feature will save a lot of time, but my concern is that it may cause more headaches and spending a lot of time when the FAM asset sale is imported into my ProSeries Professional software.

The sale also qualifies for the installment method so I will have to complete F 6252 in ProSeries. It appears that FAM doesn’t have the installment sale option and I will have to manually enter the installment sale information in ProSeries.

I thought I would ask those of you who have used the bulk sale feature in FAM and reporting the installment sale in ProSeries if the bulk sale feature really saved time or if I should manually enter the sale information for over 200 assets.

Thank you. 

1 reply

david3Author
Level 7
June 29, 2026

After more research it appears that I will have major issues in ProSeries if I use the FAM multiple asset sale feature. So, I will need to enter the sales information for each asset in FAM. That’s no problem.

However, I’m getting conflicting information regarding the input into FAM. FAM doesn’t deal with installment sale treatment. The sale is  a mixture of equipment and leasehold improvement - some QIP and some 39 year depreciation. 

The instructions in FAM say to enter the allocated sale price and allocated selling expense for each item. The FAM instructions don’t address how to input the sale information if there is an installment sale.

When doing a google search, the instructions are that since FAM doesn’t deal with installment sales, I leave the sale price blank and just enter the date of sale.

The google instructions recommend creating a spreadsheet to separate the equipment sale information, the QIP LH Improvement sale information, and the 39 year depreciation LH Improvement sale information. Also, it is recommended to separate the loss information.

Then the recommendation is that after the FAM information is imported into PS, I need to manually enter the total property type and gain/loss information into F6252 and F4797 instead of checking the 6252 box for each asset entry worksheet in PS.

I want to make sure I don’t create additional issues in PS if I follow the instructions to not enter a sale value or selling cost for each item in FAM.

Does anyone have any FAM/PS instructions for this situation?

Thank you.