QB Issue Resolution:

Select Chart of Accounts for Gain/Loss on Sales of Asset as Other Miscellaneous Income

  • Category Type: Other Income
  • Detail Type: Other Miscellaneous Income
  • Name: Gain/Loss on Sale of Asset
  • Description: Gain/Loss on Sale of Asset

Resolution for Issue 'I need to record gain on sale of a property. i don’t see gain/loss on sale of asset as a choice under Income or Other Income categories in the COA. What can I do? I have QB Online. Thanks' available: Yes (Solved).
Source: Intuit Community forum.

I need to record gain on sale of a property. i don’t see gain/loss on sale of asset as a choice under Income or Other Income categories in the COA. What can I do? I have QB Online. Thanks: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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