But then I read this:
https://ttlc.intuit.com/questions/1167231-multi-member-llc
One post from that thread:
"If the apartments is passive income, I believe you meant Schedule E.
Because apartment rentals do not generate self-employment tax, I can't see any reason not to file one Schedule E."
It seems like the only reason two separate schedule
Cs is because of self employment tax reasons.
But since apt rentals don't generate self employment tax issues, the LLC spouses should be able to file one schedule
E. That Sched E would simply say that the spouses are both the owners of the property. The tax return would be done exactly as if the property were held in the names of the spouses, and not by the LLC.
That makes sense to me, but then there will be no mention anywhere on the tax return about the LLC, or the LLC's EIN/TIN number. I wonder if that's ok? It would certainly be the easiest way of doing it.