nwang97
Returning Member

Business & farm

How is the ownership split between you and your wife?  If it's 50/50, each of your K-1's should reflect 50% of the income of the LLC, in which case you should enter both into TurboTax.  They may look identical, but they each represent 50% of the income.  If only one of you owns 100% of the LLC, then only that person should receive a K-1 for 100% of the LLC income.