Wow! Thank you @Hal_Al ! This isn’t something I thought of and am grateful you brought it up for me 🙂
Yes, i did think about renting the unit out. It’s in a good, safe neighborhood and close to public transit in Queens and actually had people ask about it. But the co-op board was putting up some resistance and I was reticent towards the ideas of long distance land lord (i no longer live in NYC). After a couple of years, i decided to move on and just sell - just as the COVID situation hit NYC pretty hard and all real estate showings came to a halt.
To your point, I never moved in or even transferred the unit to my name. I just kept up with the monthly maintenance and maybe crashed there a couple of times when I visited friends and family.
Thank you much for bringing this up. This will be a loss for me and I’ll be sure to classify it as such on my tax return.
