Downsize/Liquidation

Asset Liquidation Drill-Down windows will allow you to downsize or liquidate Personal fixed assets, such as Real Estate and Other Assets, and Corporate fixed assets such as Real Estate and Operations & Good Will. You can select to liquidate all or part of an asset and can specify the transaction fees associated with the liquidation.

*When partially liquidating an asset, the software will proportionately reduce the deferred tax owing on the remaining property.

Depending on the asset being liquidated, the proceeds will be deposited to personal or corporate investments. View the specific values deposited in the Ledger screen through the Personal Assets or Corporate Assets ledger.

Start by selecting the Drill-Down button located to the right of the asset to be liquidated.

Entering a Liquidation

Before liquidating an asset, first confirm the value of the asset to be liquidated and the age of liquidation. This value can be found in the Ledger screen through the Personal Assets or Corporate Assets ledger.

Next, enter the amount and age of liquidation as well as any transaction fees from the panel on the right and click to trigger the liquidation.

*Any outstanding mortgage balance on Real Estate property will be paid off automatically. Any remaining proceeds will be added to investments.

!The software will not automatically calculate the tax owing on any liquidation. You are required to manually estimate the tax owing. View the Personal Assets Ledger and Corporate Assets Ledger for an estimate of the property value and tax owed.

Editing a Liquidation

To edit or change any previously entered liquidation, click the button, and enter/change the specific values.

To save the edit/change, click . To cancel the change, click .

Resetting Data

Click to remove the values entered in the Drill-Down area.

To close the Drill-Down window, click .

*If data has been entered in the Drill-Down window, the Drill-Down button will highlight green in the primary data entry screen.

Available Data Points

The current list of available Downsize/Liquidation Drill-Downs are as follows:

Real Estate
Other Assets
Corporate Real Estate
Business Operations and Goodwill