The Schedule of Dispositions report captures all instances where a tax lot (referred to as a Asset Record in Entendre) is disposed of. This report is essential for tracking and calculating the financial impact of asset dispositions.
How It Works
An asset record is considered disposed when a transaction includes a journal entry that credits an asset account. The Schedule of Dispositions records these disposals and provides a detailed breakdown of the transaction.
Report Structure
Columns:
Token: The ticker of the digital asset (e.g., ETH, BTC).
Asset Record: The unique identifier for the tax lot (also known as the Asset Record ID).
Sale Date: The date on which the asset was disposed of.
Quantity: The amount of the token that was disposed of.
Acquisition Price: The purchase price of the tokens that were disposed of.
Cost Basis: The total cost of the disposed tokens, calculated as Quantity x Acquisition Price.
Report Filters
Legal Entity: Select the legal entity associated with the asset dispositions.
Accounting Periods: Choose specific months or ranges to display dispositions within those periods.
Assets: Use the Asset filter to narrow down the report to specific digital assets (token tickers).
How to Use the Report
Filtering Options: Apply the filters to customize the report based on the legal entity, period, or specific assets.
Viewing Dispositions: Review the columns to understand the details of each asset disposition, including sale date, quantity, acquisition price, and cost basis.
Analyzing Cost Basis: Use the Cost Basis column to assess the financial impact of each disposal. This is crucial for tax reporting and financial analysis.
