As Oregon is not a community property state, a husband-wife LLC is not a disregarded entity and must file a LLC tax return (form 1065).
As part of that tax return, there will be a Schedule K-1 for each partner which reports that partner's share in the profit/loss of the LLC and other items such as guaranteed payments or distributions.
You can use TurboTax online for small businesses to prepare form 1065 by clicking here
Or you can use TurboTax Business CD/Download on a Windows computer (not compatible with Mac).
You can purchase TurboTax Business CD/Download from this page.
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