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How to post Sale of Business Rental Property

What are the property steps and accounts on recording the sale (from escrow statement) of a Business Rental Property (Partnership owes a rental property)?


  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    There's no way to properly record Partnership transactions in Q.  You'd be better off using Quickbooks
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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