But that would create a taxable event for you when he purchases your interest.Another option would be for the LLC to do an exchange and buy two properties. 

@William WalshA Form 1099-R will need to be issued each year to report the taxable in-kind IRA distribution.

If they haven't - I would assume the K-1 to not show much taxable income if at all(since depreciation should knock most of it out).

Income of Recently Discharged Veterans (continued) (2) Voluntary Separation Incentive (VSI) Annual payments Taxable in the year received Include in effective income Calculated by multiplying the veteran’s years of service times two Requires a minimum of 6 years service (equates to a minimum of 12 years annual payments) If the veteran receives both VSI and VA disability compensation payments, the VSI is reduced by the amount of disability compensation.However, if the disability compensation is related to an earlier period of service and the VSI a later period of service, the VSI is not reduced by the amount of disability compensation.

The participants in the organization must also be able to compute their own income without having to compute partnership taxable income. 

I know some states, labor and shipping is not taxable.

Stuff with less taxable distributions like index funds and growth stocks in regular cash accounts.Thank you guys for your service! 

Cash flow about $7700. but the “Win” is when it shows up as pretty darn close to a taxable loss after depreciation and  “general expenses” phones, internet, newspaper, electronics.

And if done the right way there will be taxable events somewhere anyway.

Whether that is treated as boot that is depreciation recap or boot that is taxable as gain is accountant by accountant.