Support CenterHow do I complete a group or bulk sale of assets including land using SureFire
🔍 How do I complete a group or bulk sale of assets including land using SureFire?
This guide explains how to report a property sale that includes multiple depreciable components (for example, a building and a new roof depreciating separately) when you have multiple Business Asset Worksheets related to a single property sold.
⚠️ Before You Begin
Make sure you have the Business Asset Worksheets created for each depreciable component of the property (for example, one worksheet for the building and one worksheet for the new roof).
📊 Sale of a Property with Multiple Depreciable Components
When you have multiple Business Asset Worksheets related to a single property sold, follow the steps below.
🧩 Step-by-Step Guide
Step 1: Enter the date sold on every related worksheet
Use this when you need to ensure all components of the same property sale share the same sale date.
On all worksheets related to the property (e.g., the worksheet for the building, the worksheet for the new roof, etc.), enter the date sold.
Step 2: Link the worksheets using the same group number
Use this when you need SureFire to treat multiple worksheets as belonging to the same sale.
On all worksheets related to the property, type a number in the first field. Type the same number on each worksheet.
For example, type the number 1. This tells SureFire that the worksheets are related to each other.
If you have two properties sold, each with multiple worksheets, type the number 1 on all worksheets related to the first property and the number 2 on all worksheets related to the second property.
You can handle up to nine sales in this way.
Step 3: Designate the Main worksheet
Use this when you need to tell SureFire which worksheet should accumulate the totals.
On the worksheet for the building, select the check box to designate it as the Main worksheet
Step 4: Enter selling price and selling expense on the Main worksheet only
Use this when you want the Main worksheet to carry the sale totals for the entire property.
On the Main worksheet only, enter the selling price and selling expense.
✅ Success!
SureFire will accumulate the cost, basis adjustments, and depreciation for all items on the Main worksheet.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
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