Answered
February 06, 2013 06:48.
You can sell your membership interests in the LLC which could include the commercial real estate. However, if your goal is to escape capital gains tax, I am afraid you will realize it one way or another unless you can find some other way to exclude the gain as, for example, with a 1031 tax deferred exchange. You need the services of a tax attorney or CPA with respect to this issue.
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