tax implications when moving properties into LLC

[Sheen Jowl]

Hi BiggerPockets,

I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. However no loss was deducted against my w2 income because the w2 income is too high. So my questions what to do with these loss when the properties are moved? Do they stay on schedule E? - I doubt because they are associated with the properties. Am I able to keep them as unrealized loss in the LLC and continue the depreciation? - that's the best case because it is better not to add the loss back to the cost basis and start over.

Thank you very much.