Rental Activities 9-31 b. In 2000, Jeremy L. Schultz (SSN 678-88-5244) paid $90,000 for a townhouse purchased as an investment. The townhouse is located at 812 E. Locust, Springfield, MO 65807. During 2021, Jeremy received $9,600 in rental income from the tenants and paid the following expenses: Association dues Depreciation Insurance Mortgage interest Real estate taxes Repairs Utilities $ 400 3,273 130 6,200 1,100 320 440 Jeremy actively participates in the rental of the town home. His AGI before considering the income and expenses from the rental property is $140,000. He depreciates the townhouse using MACRS. Prepare Jeremy Schultz's Schedule E and Form 8582.