Mortadelo rents his vacation home for six months and lives in the home during the other six months of 2020. The gross rental income from the home is $4,500. For the entire year, real estate taxes are $800, interest is $3,000, utilities and maintenance expenses are $2,200, and depreciation expense on the entire home would be $4,000. What is Mortadelos allowable net loss from renting his vacation home for tax year 2020?

Select one:

a. None of the alternatives is correct

b. $0 loss

c. $500 loss

d. $5,500 loss

e. $4,500 gain