My wife and I own a rental property. We formed a multi member LLC with only us as the members, and we manage the rental property under the LLC, but the rental property is titled to us, not to the LLC. Where do we enter depreciation of the rental property? Under Schedule E on our joint 1040 or on the 1065? And do we also enter the income and expenses of the rental property under Sched E or on the 1065?
