An asset sale involves the purchase of individual assets and liabilities. How to figure a gain or loss on the sale, exchange, and other disposition of property.Whether your gain or loss is ordinary or capital. A profit gained from selling a capital asset is referred to as capital gains. This could be an investment like a stock or an asset like a business. Each transaction should be evaluated. The gain or loss on each asset is figured separately. The sale of capital assets results in capital gain or loss. First you'll want to go up to the new button on the top left and under the other column click journal entry.