I should have responded sooner about your recommendation, but I think you needed more facts which I didn't include... The asset is a Computer which was put into service about 1.5 years ago - and I used Section 179 on it then (in 2015), so the present Special Depreciation and Depreciation are both 0. Please keep in mind, I disposed of the Sole Proprietorship on 09/30/16..
Computers have a lifespan of 2-3 years, and to keep it simple lets say when new cost $1,000.00. And if you still say the asset needs to be a "Sale" who am I selling it to, it's going to be property transferred by a Member as a Capital Contribution at FMV. The Member was the owner of the Sole Proprietorship which changed to the new Multi Member LLC?
Why can't I just Delete it or turn it into Personal use until it gets contributed to the LLC?
