Naomi Grace owns a beach house on Cape Cod. She and her family use the home during the summer for one month (28 days). The rest of the summer and into the fall it is rented out for a total of 90 days. Naomi's Cape Cod property is:

a. Rented a de minimis amount of time and therefore she includes no income or deductions from the rental in her taxable income calculation.

b. Used personally for an insignificant amount of time, therefore all her rental income and expenses (allocated between business and personal use) must be reported on Schedule E.

c. Used personally for a significant amount of time and therefore her rental property is a vacation rental home, and her rental expenses are deductible only to the extent of rental income.

d. None of the above