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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.  

Many thanks for the follow-up. Line 13b does indeed show the correct amount. Prior to looking at 13b I was going by the amount shown in the "Deductions and Credits Summary" of TT which only shows the amount on line 12e and does not include the amount on 13b.   All is well. Much obliged!

Thank you @dmertz ; @Vanessa A that is correct that no 1099R is generated so there's no way for me to generate the form 5329.   I appreciate the advice to  e-file my tax return without the Form 5329, then amend by mailing Form 1040-X and a Form 5329 prepared separately. Do you think that's a preferable option compared to filing my taxes by mail with a Form 5329 appended? I plan to request the waiver, so there's not an immediate implication to my taxes owed for this year as I understand it.

The house may qualify as investment property as evidenced by your actions to immediately prepare it for sale after you inherited it, coupled by your not using it for personal purposes. If so, a loss sustained on it could be deducted.   The other problem you have is proving that is was sold for less than the fair market value you assigned to it when you took possession of it. The IRS could argue that it was worth what you sold it for, being that you sold it soon after the valuation date. Assuming you have a reasonable basis for the fair market value you assigned to it, the loss may be allowed by the IRS.

Here are some suggestions you can use to simplify this process. Focus on these three things.   W-2 Income & Withholding: Look at your final 2025 paystub. It usually shows year-to-date (YTD) totals. If your pay stays the same, divide your total pay by 12 to get a monthly average. Then, divide the average by the number of months in each period (3, 5, 8, and 12 months). The Roth Conversion:  Since it happened in December, you enter $0 for this income in the first three columns (Jan–March, Jan–May, Jan–Aug). You only include the conversion amount in the final column (Jan–Dec). For the interest, capital gains and dividends, if you don't have quarterly statements, you can assume this income was earned evenly throughout the year. Divide your annual total by 4 and assign one part to each quarter. Most people avoid the penalty by hitting one of these three mathematical targets. If you do, you don’t even need to fill out Form 2210.   You owe less than $1,000 in tax (after subtracting your W-2 withholding) when you file your return. The 90% Rule: You paid at least 90% of your current year's total tax liability through withholding and estimated payments. If your 2025 tax withholdings (from your W-2) equaled at least 100% of your 2024 total tax (or 110% if your AGI was >$150k), you owe zero penalty regardless of the Roth conversion.   @ssu1     

@minike Did you read the other posts in this thread?   The screen after the entry screen for your SSA1099 asks you if you lived in certain foreign countries in 2025.    If you skip past that screen without answering or answer incorrectly, your SS is not taxed correctly.

Q. Should I claim her as my "daughter"... after all, she is my daughter-in-law? A.  Yes.  Since they don't give you an in-law choice, select the relationship created by marriage, daughter.     Nieces, nephews  and in-laws are on the list or relatives that do not have to live with you, all year, to be claimed as a dependent. 

@NelsTax wrote: Myself and my family we came to USA on July 12, 2025. We didn't satisfy 183 day rule.      TurboTax is not set up for your situation.   If you are in the US on a Visa, it sounds like you are a Nonresident Alien, and TurboTax does not prepare the kind of tax return needed for that.   If you are in the US on a Visa and make certain elections, or if you are in the US on a Greencard, you may be a "Dual Status" Alien, and TurboTax isn't set up well for that scenario either.   I recommend going to a good tax professional that SPECIALIZED in Nonresident Alien tax returns (even if you are a Dual Status Alien).

Yes. You will add a new asset for the cash buy up as though it was a capital improvement in the original property. And as stated, the date placed in service will be the date the trade was completed.   @twinzby2 

The screen right after the entry screen for your SSA1099 asks you if you lived in certain foreign countries in 2025.   If you skip past that screen without answering or answer incorrectly, your SS is not taxed correctly.

You don’t need to go back to the initial questions.  You can just add you business on Schedule C.  I assume you need Schedule C for self employment income.   You can fill out Schedule C and enter 1099NEC, Cash or Self Employment Income into Online Deluxe but if you have any expenses you will have to upgrade to the Premium or use any of the Desktop CD/Download programs. All the Desktop programs have the same forms, so you can buy a lower version.  You just get more help and guidance in the higher versions.   How to enter income from Self Employment https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653