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Transferring condo sale to California return
I own two California single member LLCs. One of them in 2025 sold a rental condominium it owned. I think I entered the sale incorrectly for the purposes of TurboTax Home and Business handling it the right way. I manually entered an enterable 4797. But that failed to transfer the income to that LLC's 568 for California, and as a result of that, didn't show that I needed to pay some money as a result of the capital gains on the sale. So I'm thinking I should delete the 4797 and go back to the Federal asset worksheet for that LLC and in the section where it says disposition, fill all that in. Is that correct? If so, I'm wondering why it divides up land and property since I sold both of them together.
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‎February 18, 2026
9:30 AM