It sounds like this has actually been a rental property, so it would qualify for 1031 Exchange treatment should you decide to sell and reinvest in another rental property. 

Now, we only opened one account for the SLLC, not multiples - for all I understand and was advised by our asspro lawyer, the requirement is for clear accounting/bookkeeping (being able to account separately for each children Series-LLC and/or asset), not for a bank account for each of the childrens SLLC.I was not aware of any special treatment of SLLC from banks....but I did experience vastly different responses from bankers and loan officers based on the question asked and their domain of expertise (or ignorance) on various other subjects before...so, if you don't find the solution to your problem, change the person you ask or reformulate the question...might be surprised how many "professionals" know only their small yard for answers and tell you is not possible.

The first treatment was the worst.

@David BeardIn reading your posts, I am not entirely clear (different tax system), but is the treatment you describe only applicable to an instalment sale (where the sale is only complete once all instalments have been paid)?  

You would basically be requesting to receive the special circumstance treatment, if they said no and you stay in the home then everything is fine.

They still need to go to McDonalds or Habit Burger at least, so why they shall giving special treatment to us :)

We just wanted to sell our house to pay for my leukemeia treatments but are instead having to use that money to cover the $12,970 in damages that incurred as a direct result of the fraud and willful deceit of Robert Mario Garcia, CEO of BridgehouseAmerica / BridgehouseInvestors.I tried very hard to make this review as factual as possible.If you have been victimized, please contact me.

Real estate that qualifies for 1031 treatment (tax deferral) is any type of real estate you hold with investment intent. 

As a tax lawyer, I want pass through treatment to leverage the tax benefits of my investments.

Has anyone had this method of treatment done for their buildings?