Yes, you should delete the form 4797 that you entered directly. Users should enter all information needed for calculations in the TurboTax interview (step-by-step for Desktop users) in order to help ensure accurate results. Entering information directly into forms could invalidate the 100% Accurate Calculation Guarantee as you may miss important information included in the interview.
Fill out the information about the condo sales in the Federal section. See this help article for further instructions on reporting the sale of a rental.
A rental property owned by a single-member LLC (SMLLC) is typically reported on Schedule E (Form 1040), as the IRS treats it as a "disregarded entity".
Regarding California Form 568, Limited Liability Company Return of Income, if this is for a single member LLC, TurboTax will normally create Form 568 based on the answers to the questions entered in the Schedule C or E section and in the California interview as long as the activity was identified as a SM LLC.
Once the form is generated and populated from the interview questions, to make additional entries on California Form 568, such as the employer ID number, you can then switch to Forms mode by clicking on Forms at the top when you are in step by step. Click on Open Form at the top of the list of forms, then enter "568" in the entry field that appears.
Form 568 can either be e-filed or mailed to:
Franchise Tax Board
PO Box 942857
Sacramento, CA 94257-0501
The TurboTax forms availability tool indicates that Form 568 is supported for e-filing but Form 3522, the payment voucher, is not. Schedule K-1 (568) is not supported for e-filing.
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