TB MC Qu$.06-52($Static$)$ Harriet owns a second home that she rents to$...$

no mortgage on her first home. Which of the following statements regarding the manner in which she should account for her income and$/$or expenses associated with the home is incorrect?

Multiple Choice

Harriet's deductible expenses are not limited to the amount of gross rental income from the property.

Harriet will be allowed to deduct all of the mortgage interest on the loan secured by the property.

Harriet is required to include all of the rental receipts in gross income.

Harriet is required to allocate all expenses associated with the home to rental use or personal use.