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