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Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $57,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $23,500. In year 1, Beau Geste incurs a loss of $197,500 and does not make any distributions to the partners.

• In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $74,000. This includes $18,900 of passive income from other passive activities.
• In year 2, Beau Geste earns income of $37,500. In addition, Molly contributes an additional $31,450 to Beau Geste during year 2. Molly's AGI in year 2 is $77,300 (excluding any income or loss from Beau Geste). This amount includes $16,120 in income from her other passive investments.

Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) 23,500 0 At-Risk Amount: Initial year 1 amount: $ Allowed loss: End of year 1 at-risk amount | $ Contribution for year 2 BG Income Allowed loss: End of year 2 at-risk amount Complete this question by entering your answers in the tabs below. Req A1 Reg A1 Req A2 Req Az Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) At-Risk Allowed Total Loss $ 59,250 At-Risk Disallowed Year 1 Req A1 Req A2 Req A3 Based on the above information, complete the following table: Year At-Risk Allowed Passive Activity Loss Allowed $ 18,900 Passive Activity Loss Disallowed $ 4,600 $ 1 2 23,500 35,750 b. Based on the above information, complete the following table: Complete this question by entering your answers in the tabs below. Req B1 Req B2 What are the cumulative total passive suspended losses at the end of year 2? Cumulative total passive suspended losses b. Based on the above information, complete the following table: Complete this question by entering your answers in the tabs below. Req B1 Req B2 Based on the above information, complete the following table: Year 2 AGI: AGI before Beau Geste: Year 2 passive income from Beau Geste Year 2 allowed passive losses Year 2 AGI Reg B1 Req B2)

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