Selling Lot from Primary Residence - Tax Implications, LLC?

[Kyle Chuhran]

I am looking to invest in single family rentals in the near future. To build some capital, I am going to sell a buildable lot that is part of my primary residence. I know I will start an LLC when I purchase my first property, but I was wondering if there are any advantages to moving the property into an LLC prior to selling it.

Any advice on how to maximize my profits and minimize my tax liability is appreciated.

Thanks,

Kyle