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The real estate should have been carried as a fixed asset, something like this
fixed assets:
123 some street
>> land:
>> building:
>> >> accum. depreciation building:

1. calculate and post partial year depreciation on the building (land is never depreciated)
2. create an income account called gain/loss on asset
3. journal entries

debit accum. depreciation building for the balance in the account, credit gain/loss
debit gain/loss, credit building fixed asset account for the balance in the account
debit gain/loss, credit land fixed asset account for the balance in the account


then use make deposits and in the other deposits section
bank account where you deposited the profit, 410K
loan liability account, -350K (negative 350K)
gain/loss account, -35K, (negative 35K)

deposit will net to 25K as it should, the liability account will be zero.


You say "& equipment"

If the equipment was also a fixed asset, the same things need to done for the journal entries in steps 1 & 3, for each one

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