Adelman has for many years owned an empty lot that he has been renting out to long-term parkers. This year, he sells the lot at a profit. Which of the following is true?

A.His profit is taxed as a mixed-use asset.

B.His profit is taxed as IRC Section 1231 gain.

.C His profit is taxed as short-term capital gain.

DHis profit is taxed as ordinary income.