you are quick and do numbers good. I am inclined to agree with y

eveything by book value and followed through year by year. But if that's the case the same should be applied to all other assets held by the LLC,including any security instruments. If the assets are still owned by LLC, no realized gain, and no recaptured depreciation due at tax time.

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• I would keep the rental LLC simple as possible -jy101- ♂ (100 bytes) () 03/30/2012 postreply 21:30:56