I'm in the process of a divorce and trying to figure out what would be best for me in terms of asset division for tax purposes. I'm currently in a LLC, that we started about a year before we married, that owns some properties, with my soon to be ex-wife and her parents. She would like to have me leave the LLC. In figuring out our assets she will end up owing me in order for our assets to equalize. Would I be better off getting a property from the LLC or should I insist on cash? What would the tax implications be in both cases? And if I took the property would I need to set up a separate LLC and have it transferred to that?
Thank you
