Hannah purchased a piece of land in 2020 with plans to build and operate a greenhouse and evergreen nursery. Hannah is a full-time teacher but has always dreamed of running a business. It is now 2022 and Hannah has not yet started a business, and upon receiving an offer to teach on a tropical island, has decided to sell the land. Which of the following statements is correct?

Question options:

	Hannah purchased the land with the primary intent to recognize a long-term economic benefit.
	Hannah purchased the land with the primary intent to resell it at a profit.
	The intent of the purchase is insignificant when determining the type of taxable income to report.
	Hannah's primary intent suggests that the income should be treated as a business transaction.