Which of the following statements is false?

	A.	If a taxpayer rents his home for less than 15 days during the tax year, the only deductions allowed on the property are those allowed as an itemized deduction such as mortgage interest, real estate taxes, and casualty losses.
	B.	If a taxpayer uses his home as a residence and also rents out the home for more than 15 days and meets the other personal use requirements of the IRC, generally the taxpayer may deduct rental expenses only to the extent of gross rental income. To the extent mortgage interest and taxes exceed rental income, the excess may be deducted on schedule A as an itemized deduction.
	C.	In addition to the limitations on rental activity deductions imposed by the residence rules of IRC 280A, the at-risk rules and passive activity loss rules may also apply to limit deductions attributable to rental property.
	D.	If a residence is converted from personal to investment or rental use, the depreciation deduction shall be based on the adjusted basis of the property at the date of conversion.
	E.	All of the above are true.