QB Issue Resolution:
Yes you use the total in the fixed asset account for the value to clear that account. ie if a building fixed asset account has the value of 150,000 the journal entry would be
debit gain loss 150K
credit fixed asset building 150K
Yes each fixed asset account that was sold, and each associated accumulated depreciation account too
In the deposit, leave received from blank, and just select the source (from) account. Using received from would create a credit entry which you do not want to happen
Resolution for Issue 'Recording the sale of a property – clarification (Rustler)' available: Yes (Solved).
Source: Intuit Community forum.
Recording the sale of a property – clarification (Rustler): 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.Support for building 150K
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Error Recovery for building 150K [Canada]
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