Hi CHAMP,
Thanks for the help.
No property contribution. I am one of 100+ investors who contributed cash as an individual limited partner in a LLC partnership. The LLC bought a multi-unit rental property as investment. This was in Q4 2015. In early 2019, a partial sale apparently was negotiated to an existing institutional investor, which is referred to as disguised sale in my original post. All of us investors who sold still continue to own a part which is proportionately reduced compared to prior to sale. Hope this info along with details provided in original post clarifies the situation. Would greatly appreciate any inputs that you might have on the various questions raised in original post and the one in response to HACKITOFF's reply.
Thanks
