No, it doesn't look like you wouldn't actually have a loss.
You converted your primary residence in 2009 and when this was done the value of the rental property would be the lower of 1) the adjusted basis on the date of conversion, or 2) the property's fair market value (FMV) at the time of conversion.
The over the next 8+ years the rental property would depreciate over a 27.5 years period. So if your rental was worth 315,000 at conversion time. The depreciation whether actually taken or not would be $315,000 / 27.5 = 11,455 per year. This would amount to $91,640 that would need to be recaptured. So you would have no loss.
