I'm not sure if I'm better off posting this here or on the Tax forum, but here goes...
I'm entering a business deal in which I will be entitled to a $700k depreciation (based on 40% tax bracket) to be used to offset taxes. I'm looking for ways to "sell" the depreciation in order to get cash upfront. Would the following scenario work for this:
I create an LLC and bring in a 1% partner who can use the tax break for such a high amount. The business deal would be made under this LLC. The partner puts, say, $600k into the LLC. Since an LLC can assign the depreciation to any member in any ratio, I would be receiving $600k for $700k worth of depreciation while the partner gets his taxes reduced by $100k for simply signing some paperwork.
Does this sound feasible? Is there an average discount rate for "selling" depreciation? Any reason why someone would NOT want to buy depreciation like this?

