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Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several...

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Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $66,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $27,000. In year 1. Beau Geste incurs a loss of $209,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,600. This includes $17,500 of passive income from other passive activities. in year 2, Beau Geste earns income of $33,500. In addition, Molly contributes an additional $32,400 to Beau Geste during year 2. Molly's AG in year 2 is $69,800 (excluding any income or loss from Beau Geste). This amount includes $15.480 in income from her other passive investments. a. Based on the above information, complete the requirements A1 to A3. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Req A3 Based on the above information, complete the following table: Passive Passive At-Risk Activity Activity Allowed Loss Loss Allowed Disallowed Year 1 $ 27,000 17.500 9.500 Year 2 35,850 25,530 19,820

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