PlannerPlus Asset Sales
1: Remove the value of your business or asset from Other Assets
2: Second, create an after-tax account to hold the asset
Step 1: Head over to Accounts and Assets and create an after-tax account
Step 2: Select the Capital Gains tax treatment
Step 3: Give the account a descriptive name, "My Yacht" for example
Step 4: Add the market value of your asset as the current balance of the account
Step 5: Enter the cost basis
Step 6: Enter the estimated rates of return and set the turnover rate to 0
Step 7: Exclude the account from the Withdrawal Strategies
3: Estimate the value of the business or asset at the sale date
Step 1: Head over to Insights > Saving
Step 2: Hover over the account on the sales sate
Step 3: View the value of the asset (at the end of the year)
3: Simulate of the asset at the sale date
Step 1: Head over to My Plan > Money Flows
Step 2: Press Add a Transfer
Step 3: Add a Transfer FROM the asset to an after-tax account
This will remove the asset from the plan and move the proceeds to the after-tax account.
4: View the Capital Gain
Head to My Plan > Taxes > Estimated Taxes and view the Capital Gains Tax liability. This will be the difference between the cost basis and the sale price at the time of sale.
You can see an example of how this is done in this video.