The Youngs own a house at 242 6^th street, Seal Beach, CA, 90740. They purchased this house on January 1, 2014, for $500,000. 80% of the purchase price was related to the house, and the remaining 20% was related to the land. Starting from January 1, 2014, they have converted it to a rental property and rented it to Bill James. The rental activity does not generate QBI. In 2020, its rental report showed the following:

Rental Income	$ 48,000
Interest expense (mortgage)	(17,000)
Repair expense	(900)
Property tax expense	(5,100)
Utilities Expense	(1,000)
Depreciation Expense	(?)
Total Expense	(?)
Net Income/(Loss)	$ ?