USA Multi-partner LLC to Single partner LLC

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Mar 14, 2016
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I have a two partner LLC. 50/50 ownership. One partner buys out the other partner. Normally I would say it is a technical termination but due to the fact that the buy-out is due to a divorce it does not constitute a "sale or exchange" according to Sec. 1041(b)(1). Any thoughts on how to handle this situation?

Thanks in Advance.
 

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