Maurice is skilled at finding and purchasing property at sub$-$market prices. He rarely owns these properties for more than a few months, as he prefers to make a few upgrades and then sell them at a profit. Occasionally, Maurice buys a property with a tenant in residence, from whom he receives rent payments.

How does he report this rental income on his tax return?

Not$-$for$-$profit income, reported on Schedule $1($Form $1040),$ line $8.$

Business earned income, reported on Schedule C$.$

Investment income, reported on Schedule D$.$

Passive income, reported on Schedule E$.$