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How to model the sale of an business or asset in My Plan
How to model the sale of an business or asset in My Plan

This article describes how to model the sale of and asset

Nancy Gates avatar
Written by Nancy Gates
Updated over a week ago

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.


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