Thanks, Rick19744. I didn't realize that the 3rd LLC member acquiring the other 2/3 would be considered a termination of any kind of the LLC. He had his accountant file a short period return, and I received a K-1 noting that I should claim the $7,500 less my ending capital balance ($1,334) as a capital gain on my personal tax return. I'm still not clear if that's correct, but if you think it's beyond this forum I'll contact a tax person.
