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Single Member LLC

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Does anyone know ...

Client has ...

  1. Single Member LLC
  2. Multiple Properties within this LLC
  3. Each of the properties, in the LLC, are separate Activities / Records in ATX
  4. Both Commercial and Residential properties ... some have profits and some have losses
  5. Real Estate Professional
  6. Appears Qualifies for 199A ... over 250 hours per year, LLC set up to purchase rentals as a business, documentation, etc.

How should the QBI handled for these properties?  Anything special or just X the Qualified Business on "activities" worksheet and let the losses allocate to the qualified business income activities?

 

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