Nev. Admin. Code 375.170(13) provides as an example of transfers not subject to tax: "Distribution of interests in real property owned by a corporation as part of the liquidation
of a corporation to the shareholders of the corporation in percentages equal to their ownership
in the corporation. To receive title to his interest in the property, each shareholder must redeem his stock."
The above is substantially identical to the transfer from an LLC to its members in exchange for the relinquishment of each members shares of the LLC and the liquidation of the LLC.
I would use NRS 375.090(3) as the exemption: "A transfer of title recognizing the true status of ownership of the real property, including, without limitation, a transfer by an instrument in writing pursuant to the terms of a land sale installment contract
previously recorded and upon which the taxes imposed by this chapter have been paid."
Note: You must actually liquidate the LLC. No assets may remain owned by the LLC.
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