[jwasbury]

^Schedule E...

So long as you disabuse the IRS of their 1065 expectation, you will be fine. The EIN at this point was soley for the purpose of getting the bank accounts open. If you have intentions of using the LLC as a vehicle for wealth transfer (such as gifting LLC interests to your children, if you have any), you'll have to prepare a 1065 for LLC at such time when the entity's membership expands beyond the two spouses and then your EIN will come into play. Then each member will receive a K-1 which will be reported on their respective 1040s.