First you need to confirm what type of business this is. Generally, a multi-member LLC files a completely separate 1065 partnership return, and each partner is issued a K-1 for reporting gains/losses on the personal tax return. A W-2 is not, and can not be issued to the owner of a multi-member LLC.
However, if that LLC filed an 8832 with the IRS requesting to be "treated like an S-Corp", then the partnership has to "act like a S-Corp". IN that case, the business would file it's own 1120-S Corporate return. Then for the owner, in addition to receiving a K-1, that owner can also be an employee of that S-Corp and be issued a W-2 in addition to the K-1.
So what do you have here? A "true" partnership multi-member LLC? Or what the IRS would consider to be an S-Corp?
