we made no money on our rental. Is this normal?
Perfectly normal. In fact, it is extremely rare for rental property to "ever" show a taxable profit on paper, when you complete your tax return. It's much more common for you to show a loss every single year, on rental property.
Now understand that rental income is passive, which means your rental expenses are considered passive expenses too. Your passive expenses can only be deducted from passive income. once those expenses get your passive "taxable" income to zero, (and they always will) thats it. Any excess passive expenses are just carried forward to the next year.
With rental property your passive carry over losses just continue to accumulate and grow. You can't actually "realize" those loseses against other "ordinary" income (such as your W-2 income) until the tax year you actually sell the property.
