Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why is the lump sum sell amount from a registered asset not coming into cash flow?

0
10 Posted

Why is the lump sum sell amount from a registered asset not coming into cash flow?

0
10

For the proceeds from a lump sum sell of a registered asset to enter cash flow, the Amount to Deregistermust be entered. • Go to the Assets category – Registered tab. • Select an asset, click Transactions, and then select Sells. • Click Insert, and then select Lump Sum to open the Lump Sum Sell dialog box. • Enter a value in the Amount to Deregister field, or select Deregister All. Complete the applicable details, click OK, and then click OK again. If a deregister value is not entered or selected, then the proceeds are moved to an RRSP Cash Balance account.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123