L1A to H1B after L1A Maxout

[Bharath Reddy]

Background: I am in L1A status and have completed 5 years of stay and entered into 6th year (first got L1 in July 2018). My firm applied PERM and I should receive my I140 by October 2023. My firm has been trying for my H1B from past couple of years and no luck. 

Questions: 
1. If my H1B gets picked up this year (2023), will I get 6 years validity or just 1 year considering I already spent 5 years on L1A? 
2. If I don't get my H1B this year, I will be into my 7th year by the time next H1B season comes up. If my H1B gets picked up next year, how many years will I get? (By that time I would have spent 6 years on L1 visa) 
3. What are my options given my situation to continue to work in US. 

[pontevecchio]

Total time LIA plus H1 cannot exceed 7 years.

You could leave and return on L1 A status after a year back home or return on the H1 after a year back home.

[Rajeev Sam]

Please find below response

Questions: 
1. If my H1B gets picked up this year (2023), will I get 6 years validity or just 1 year considering I already spent 5 years on L1A?  Response: 1 Year if u have only PERM approved, If u have approved I-140 then u could possibly get max up to 3 years
2. If I don't get my H1B this year, I will be into my 7th year by the time next H1B season comes up. If my H1B gets picked up next year, how many years will I get? (By that time I would have spent 6 years on L1 visa)  Response: Ideally u will not be eligible to apply, U should stay out of the US for 1 year then apply
3. What are my options given my situation to continue to work in US. Response: Hope u get picked in the H1B lottery