Change like-kind Exchange settings

By default, the application follows IRS Notice 2000-4 and Regulation 1.168(i)-6 after 2/27/04 for Like-Kind Exchanges, but you can change this.
  1. Open your client.
  2. On the
    Asset List
    , select
    Setup / Treatments
    .
  3. Select a treatment to change, such as Tax, then select
    Options
    .
  4. Choose an option from the dropdown list to determine how the treatment will set up replacement assets from a
    Like-Kind Exchange
    .
    • Do not follow IRS Notice 2000-4 and Reg 1.168(i)-6
      .
    • Follow IRS Notice 2000-4; Reg 1.168(i)-6 after 2/27/04
      .
    • Follow Reg. 1.168(i)-6 after 2/27/04; do not follow IRS Notice 2000-4
      .
    • Follow Reg. 1.168(i)-6 after 1/2/00
      .
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