1. Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $48,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $20,000. In year 1, Beau Geste incurs a loss of $180,000 and does not make any distributions to the partners.

• In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $60,000. This includes $10,000 of passive income from other passive activities.
• In year 2, Beau Geste earns income of $30,000. In addition, Molly contributes an additional $30,000 to Beau Geste during year 2. Molly's AGI in year 2 is $63,000 (excluding any income or loss from Beau Geste). This amount includes $8,000 in income from her other passive investments.

a. Based on the above information, complete the requirementsA1 to A3.

). Based on the above information, complete the requirements B1to B2. Complete this question by entering your answers in the tabs below. Reg Bl Req B2 What are the cumulative total passive suspended losses at the end of year 27 b. Based on the above information, complete the requirements B1to B2. Complete this question by entering your answers in the tabs below. Req B1 Based on the above information, complete the following table: AGI before Beau Geste: 'Year 2 passive income from Beau Geste _ Year 2 allowed passive losses _ Year 2 AGI ) a. Based on the above information, complete the requirements A1 to A3. Complete this question by entering your answers in the tabs below. Reg Al Req A2 Req A3 Based on the above information, complete the following table: At-Risk Passive Passive Allowed Activity Loss Activity Loss Allowed Disallowed Year 1 $ 20,000 $ 10,000 $ 10,000 Year 2 $ 27,000