For QBI reporting purposes you might have more than one activity. Something to consider if you think things may matter downstream (i.e. if one or more shareholders is over the $157/315K threshold.) I have one of these, one S Corp, two completely distinct activities (separate bank accounts, separate business licences, separate Quickbooks files). One owner who's under the $157.5K so I'm probably not going to bother spinning my wheels on activity reporting but if I didn't know he's under $157.5K and wages/ubia might matter I would probably report them as two activities. I have yet to jump through ProSeries hoops to figure out how (if?) this can be done. Don't know your situation, just thinking out loud.
For QBI reporting purposes you might have more than one activity. Something to consider if you think things may matter downstream (i.e. if one or more shareholders is over the $157/315K threshold.) I have one of these, one S Corp, two completely distinct activities (separate bank accounts, separate business licences, separate Quickbooks files). One owner who's under the $157.5K so I'm probably not going to bother spinning my wheels on activity reporting but if I didn't know he's under $157.5K and wages/ubia might matter I would probably report them as two activities. I have yet to jump through ProSeries hoops to figure out how (if?) this can be done. Don't know your situation, just thinking out loud.
