No, you do not have to file a 1065. Yes, if you live in a community property state, you can treat the LLC as a Disregarded Entity and use TurboTax Premier to file your return. However, if you are a disregarded entity, you file a Schedule C instead of a 1065. The Schedule C is for individuals (which you would be considered in a community property state even as a couple), the 1065 is for partnerships that are not disregarded entities.
Yes, TurboTax Premier will handle a Schedule E. But, since you will be filing a Schedule C for the business, unless you have other investment income, you would not need to file a Schedule E.
AirBnB income, is generally reported on a Schedule C since this is not passive income. It requires more work like a hotel does. So the AirBnB income is treated more like hotel income than rental income. Also, you will BOTH need to file a Schedule C reporting half of your income and expenses on each Schedule C.
Which state do you live in? State laws vary, some states may require that you still file a 1065 or other business tax form for the state
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