Tax consequences of transfer a house to LLC and rent it

[Chad Coleman]

I have lived in a house for 4 years and moved recently to a different house. Was thinking to transfer the old house to and LLC and rent it out. I think since I have lived in the house for full 4 years, there will be no capital gain taxes but my question what if I want to sell after I transfer the house to LLC and use it as a rental property? Am I gonna lose this advantage and will be taxed captain again at the time of sale? Thanks