Thank you for your answer and help. The only assets in the LLC are stocks, bonds and cash. As these are all "marketable", don't they count as "money" and the "liquidation" basis is their market value on the day of the transfer, and this basis is just transfered to the partners.
Consequently, as I understand it, there are not tax consequences of the liquidation itself. The partners will still have taxes due on any pass through income and capital gains from this year ( as they do every year), but not on the liquidation and transfer, correct?
