Sch C, Sub s or ?

[Treasur2]

Tp purchased a Hawaii condo 3/2022. Completely turnkey. 82-unit property. 50 years old. A long history of property mngt success.
TP does absolutely nothing regarding renting, mngt. TP told they... "will receive something that goes on your schedule C" ...by the CPA office in Hawaii.
The description sounds like mixed-use property to me. I'm perplexed if will receive K-1, or ? If K-1 will any depreciation be flow through or will be all netted out at the entity level? yes, yes, I know, I know. Wait for reporting forms. Just perplexed.

[Lion]

If you want to know more before you receive 2022 reporting documents, read the contract and all paperwork from the closing. Speak to the management company directly, with your client's permission. If your client owns the property individually, then he probably reports on Schedule E. He might receive a report or spreadsheet with his details.

Your client owns the 82-unit property? Or, just one condo that he rents via a management company? Short or long-term rentals? Services, such as daily cleaning, linens, pots & pans, etc.? He might report on Sch C. Ask your client many more questions.