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Self employed
I have a Revocable Trust (FBO)
First, you have an LLC and it's never clarified if it's a single owner LLC, multi-member LLC, or an LLC that has filed form 8332 and elected to be "treated like an S-Corp" for tax purposes. But since you did ask about filing a 1065 I assumed it was a multi-member LLC. Apparently I'm wrong. Now it's a revocable trust.
You really need to read and understand the above, particular the part for Additional Information For Rental Property Owners
It flat out does not matter what tax reporting form you are filing. The rental income/expenses is passive income and gets reported on SCH E. If property entered into the program, then it doesn't matter what version of TurboTax you're using, be it the business version or any flavor of the personal versions.
If you're filing:
1040 - Individual tax return
1041 - Trusts/Estates tax return
1065 - Multi-member LLC/Partnership Return.
1120-S Corporate Return.
1120 Corporate Return (For a C-Corp)
It doesn't matter. the rental property is reported on SCH E with whatever tax return you are filing. So if you've been reporting the property on the 1041 return for your trust, then it's still on SCH E as a physical part of the estate return. If you'll look at the K-1 you'll see the rental stuff reported in boxes 7 and/or 8 While I know box 7 is for rental real estate income, I think box 8 is for other types of rental income - such as if you had a rental equipment business that rented out equipment for short terms.