It depends.
If you have not taken the S-Corp election for your SMLLC, the IRS considers the LLC and the holding company to be one taxpayer. In this case, you would enter rental activity on Form 8825 as part of the Form 1065 return.
If, however, you have elected to be taxed as a corporation (S-Corp), your SMLLC must file a separate business tax return (Form 1120-S) to report the rental activity. In this case, Schedule K-1 from the 1120S return would be reported on the partnership 1065 return.
The rental income from Form 1099-K should be reported on whichever return applies (as discussed above). If the property is owned by the SMLLC, any rental income you received (or reported under your SSN) still belongs to the SMLLC and should be included with the income from Form 1099-K.
Note that you will need TurboTax Business to file either Form 1065 or Form 1120S.
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