1.9 points eBook Hint Print References Check my work Check My Work button is now enabledItem 7 Item 7 1.9 points Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $49,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $30,500. In year 1, Beau Geste incurs a loss of $228,000 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $79,400. This includes $12,000 of passive income from other passive activities. In year 2, Beau Geste earns income of $30,500. In addition, Molly contributes an additional $33,850 to Beau Geste during year 2. Molly's AGI in year 2 is $85,100 (excluding any income or loss from Beau Geste). This amount includes $8,760 in income from her other passive investments.

a. Based on the above information, complete the following table:

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

Year	Total Loss	At-Risk Allowed	At-Risk Disallowed
1
2

Year	At-Risk Allowed	Passive Activity Loss Allowed	Passive Activity Loss Disallowed
1
2

b. Based on the above information, complete the following table:

What are the cumulative total passive suspended losses at the end of year 2?

Cumulative total passive suspended losses