we have created an LLC for 4 rental properties, the LLC is owned by spouses in community property state so its considered disregarded entity. When i enter the LLC business information, if i select its owned by both husband and wife, it forces me to break into 2 businesses, each owned 50%. Since its supposed to be treated as sole owner for tax purposes, should i be entering it as if only one of us owns it? if i enter it as 2 50%, the QBI seems to be all messed up, unless i need to change more than that.
