Recognize the gain for book on a like-kind exchange

Do the following to recognize the gain for book on a like-kind exchange.
  1. Select the
    Disposal
    tab, then select
    Book Calc
    .
  2. Mark the
    Transaction significant (all gain recognized)
    checkbox.
    note
    This checkbox is only available for like-kind exchanges. If
    Book Calc
    isn't available, mark
    Follow GAAP calculations for disposals
    checkbox on the Options screen in
    Setup
    ,
    Treatments
    , then
    Book
    .

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