client is a financial advisor (self employed) receives a 1099 for his ohio based buiness, he also owns a 4 unit apartment building in maine, Do both of these qualify for the QBI deduction?
The Maine apartment building is in a sole proprietor LLC it’s residential 4 unit building that he files on a schedule E. It’s the only building he has!
You, in consultation with the client, need to make the determination of whether the rental activity qualifies as a trade or business for 199A purposes.
