I'm assuming you and your wife are the officers of the LLC. You do not need a K1. When using Turbo Tax it is recommended that total expenses for the LLC get entered 50% for you and 50% for your wife. I've used this approach for years with no negative blowbacks. For example, lets say your LLC is "Wife and I painting".
Wife - business painting - 50% expenses from LLC
Yourself - business paint delivery - 50% expenses from LLC
It takes awhile to enter but works very well in the long run
