Check my work Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. In year 1, Molly's AG (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities In year 2, Beau Geste earns Income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive investments, a. Based on the above information, complete the requirements Al to A3. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applice $ 24.000 (24,000) 0 At-Risk Amount: Initial year 1 amount: Allowed loss: End of year 1 at-risk amount Contribution for year 2 BG Income Alowed loss End of year 2 at risk amount 5 $ 38,650 9.750 Reg A2 > b. Based on the above information, complete the requirements B1 to B2. Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. . In year 1, Molly's AG (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. . In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AG in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive investments a. Based on the above information, complete the requirements A1 to A3. Complete this question by entering your answers in the tabs below. Red A1 Reg A2 Req A3 Based on the above Information, complete the following table: (leave no answers blank. Enter zero if applice Year Total Loss At-Risk Allowed At Risk Disallowed 1 2 b. Based on the above information, complete the requirements B1 to 82 Complete this question by entering your answers in the tabs below. Req B1 Reg B2 Check my work Molly Grey (single) acquired a 30 percent limited partnership Interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive Investments. a. Based on the above information, complete the requirements A1 to A3. Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Rbq A3 Based on the above Information, complete the following table: Yoar At Risk Allowed Passive Passive Activity Loss Activity Loss Allowed Disallowed 1 2 Reg A2 b. Based on the above information, complete the requirements B1 to 82. Complete this question by entering your answers in the tabs below. b. Based on the above information, complete the requirements B1 to B2. 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 Check my work Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. In year 1, Molly's AG (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities In year 2, Beau Geste earns Income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive investments, a. Based on the above information, complete the requirements Al to A3. Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applice $ 24.000 (24,000) 0 At-Risk Amount: Initial year 1 amount: Allowed loss: End of year 1 at-risk amount Contribution for year 2 BG Income Alowed loss End of year 2 at risk amount 5 $ 38,650 9.750 Reg A2 > b. Based on the above information, complete the requirements B1 to B2. Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. . In year 1, Molly's AG (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. . In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AG in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive investments a. Based on the above information, complete the requirements A1 to A3. Complete this question by entering your answers in the tabs below. Red A1 Reg A2 Req A3 Based on the above Information, complete the following table: (leave no answers blank. Enter zero if applice Year Total Loss At-Risk Allowed At Risk Disallowed 1 2 b. Based on the above information, complete the requirements B1 to 82 Complete this question by entering your answers in the tabs below. Req B1 Reg B2 Check my work Molly Grey (single) acquired a 30 percent limited partnership Interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive Investments. a. Based on the above information, complete the requirements A1 to A3. Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Rbq A3 Based on the above Information, complete the following table: Yoar At Risk Allowed Passive Passive Activity Loss Activity Loss Allowed Disallowed 1 2 Reg A2 b. Based on the above information, complete the requirements B1 to 82. Complete this question by entering your answers in the tabs below. b. Based on the above information, complete the requirements B1 to B2. 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