Personal taxation

The residential property flipping rule treats profits from the sale of property sold on or after January 1, 2023 (where life event exemptions do not apply) as Multiple Choice A) business income If the property is owned for less than twelve months. B) a principal residence if the property is owned for less than twelve months. C) capital income if the property is owned for less than twelve months. D) tax exempt if the property is owned for less than twelve months.