Sale of an asset in which the LLC carrys the loan. For exchanges of real property used in a trade or business (and other noncapital assets), enter the gain or.An asset sale occurs when a bank or other type of firm sells its receivables to another party. These items can include money, investments, properties, cars, valuable items, business shares, and other financial assets. Proceeds from the sale of personal assets are an acceptable source of funds for the down payment, closing costs, and reserves. The seller typically wants as much of the purchase allocated to assets that enjoy capital gains treatment, rather than to assets that bring ordinary income. This form is for general instructions that apply to all corporation tax forms. It includes a variety of topics about how to fill out your form.