Get your taxes done using TurboTax

Real estate rental income and expenses are entered in the Rental Properties and Royalties section of TurboTax Home & Business.

 

However, unless you and your wife hold your interests in the rental property as community property in a community property state (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin), you will have to file a Form 1065 for your multi-member LLC.

 

See https://www.irs.gov/instructions/i1065#en_US_2021_publink11392vd0e555

 

You might want to seek professional tax guidance for your scenario.