Lori and Donald own a condominium in Colorado Springs, Colorado, that they rent out part of the time and use during the summer. The rental property is classified as personal/rental property and their personal use is determined to be 75% (based on the IRS method). They had the following income and expenses for the year before any allocation): Gross rental income Interest and taxes Utilities and maintenance Depreciation $ 2,000 3,200 2,200 4,000 How much net loss should Lori and Donald report for their condominium on their tax return this year? Multiple Choice $0. $7,400 loss. $3,350 loss. $9,000 loss