Rental Property Tax Implications (Personal -> LLC)?

[John M.]

Hi everyone -

I'm trying to understand what the benefits would be in moving a personally held rental property to an LLC. Is there an attorney and/or accountant that can shed some light on this?

The rental property has been depreciated over the past 2 or 3 years of tax returns.

I'm in the process of closing on 4 properties in an LLC. I'm trying to understand if there is a benefit to moving the other over as well.

Any advice/insight would be helpful.

Thank you,

John