James Rents His Vacation Home for 30 Days During the Year

Multiple Choice

James rents his vacation home for 30 days during the year and lives in it personally for 10 days.He receives rents of $4,000 and incurs the following expenses before allocation:
Property taxes
$2,000
Utilities
800
Depreciation
4,200
What is James' income or loss from the rental property?

A) $ - 0 -
B) $1,000 loss
C) $1,250 loss
D) $1,000 income
E) $1,200 income