If your wife has a single-member LLC, she should not prepare and file a partnership return, (Form 1065) or issue herself a K-1.
A single-member LLC is considered a disregarded entity by the IRS. So all business income and expenses are reported on SCH C as a part of your personal 1040 tax return.
The IRS does not recognize an LLC as a business entity. The IRS only recognizes individuals, partnerships, and corporations. You need two entities to have a partnership, so she is not a partnership.
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