The client bought a condo in Florida on 9/27/2005 while he lived in NYC. He lived in the house as a primary residence until December 31, 2018, when he moved into a new Florida condo and listed the first house for sale or rental as of December 31, 2018. He gave up his NYC rental residence on January 1, 2007 and became a full-time Florida resident. He is retired as of January 1, 2018. He never received any rental income. Primary facts: The old residence purchase price was $1,300,000, closing costs on purchase (legal transfer, taxes, etc.) were $45,608. Improvements were $855,039. Property was sold 1/15/20 for $1,637,000, closing costs were $89,008. Condo costs for 2019 were: RE Tax 11,319, Mortgage interest 58,393, maintenance was $30,408, utilities $1800, insurance was 7713. The property was vacant for all of 2019. 1) What was the rental loss for 2019? EXTRA HINT, do not forget depreciation.