@BenT9 wrote:
I would think that if an LLC is treated as a partnership for tax purposes electing out would be permitted no matter what name the property is held in.
Yes, but it is not; sort of akin to why a partnership with only two partners who are married to each other can elect qualified joint venture (QJV) status but a married couple who are the only members of an LLC cannot (unless they reside in a community property state).
