No.
You need to meet with a tax professional before writing anything off.
You most likely have book to tax differences as a result of booking goodwill on the balance sheet.
You most likely have tax basis as a result of the original purchase price and with the multi-member LLC becoming a SMLLC, you need to look at the impact of not making a Section 754 election with a Section 743 adjustment with annual deductions.
While I don't know the $$ involved, you don't want to be penny wise and pound foolish and miss out on a potential tax loss, so meeting with a tax professional who can get all the facts will be worth your time and $$.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
