Tenancy In Common

My friend and I have have a piece of real estate that we jointly hold title to at 50/50 for Tenancy In Common.  We also formed a LLC for this.  Do we file a Partnership tax return and claim all income and expenses there for this rental property?  I was researching some information and I am confused.  It is saying we put it on Schedule E on our personal taxes?  But if that is the case what about the LLC that we formed?