Business & farm

This question is not clear.

You can't have a drop down and a sale of the same assets.  You can in two separate transactions, but need clarification on what actually happened.

You either have a drop down, which means you contributed assets into another entity structure, or you sold assets to another entity.

 

*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.