interesting topic, I have no idea....not a tax professional..I would think..
1. capital gain will base on per share value? for example, LLC has 100 shars(or should call units), you have 1mil in depreciatable assets, with accumulated depreciation of 200k, per share value is 8000/unit. after new investment, LLC now has 130 shares, with new depreciatable asset value at 300k, so your net asset value at 1.3mil-200k depreciation, or $8464/share. 3 years later, your book value will be 1.3 mil depreciattable assets, with accumulated depreciation of, lets say $250k, or 8076/share. now your partner wants out, you estimated the market value of LLC is 1.5mil or 11538/share, so your parnter will have a capital gain of (11538-8076) ??? the reason is, depreciation is already pass thru into K1 on the 3 years....
2. no effect on depreciation?
anyone else? any CPA here?? I would like to find out too...
