since this is your first year, I highly recommend you pay for the services of a pro the first year. the pro will show you the things you need to know to properly prepare your return. By the way if you are in a community property state, an LLC consisting of only husband and wife can file as a qualified joint venture - no 1065 - rental is reported directly on your 1040 on schedule E. However, if you told the IRS you were a partnership, you may need to file a first and final return to avoid having to file in the future and/or the irs hitting you with up to about $4,700 in penalties for failure to file.
