If no guidance is forthcoming from the IRS, we'll each make our determination on a client-by-client basis of whether the rental activity rises to the level of a trade or business for QBI purposes. I think we agree that if it does, 1099s are warranted and should be filed.
If the client is an individual with a rental, or multiple rentals, are you going to have a client issue a 1099 to a vendor using his/her social security number? If not, will you have them apply for an EIN? If so, What type of entity will you check off on the SS-4..."Other"? The same with question 10, "Reason For Applying"?
The concept of filing 1099s is sound but I'm wondering about the logistics of the 1099s.