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Molly Grey ( single ) acquired a 3 0 percent limited partnership interest in Beau Geste LLP several years ago for $ 5 3 ,

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $53,000. At theBased on the above information, complete the following table:
Note: Leave no answers blank. Enter zero if applicable.
Based on the above information, complete the following table:
What are the cumulative total passive suspended losses at the end of year 2?
Cumulathe total passive suspended losses
Based on the above information, complete the following table:
beginning of year 1, Molly has tax basis and an at-risk amount of $29,000. In year 1, Beau Geste incurs a loss of $218,500 and does not
make any distributions to the partners.
In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $61,100. This includes $18,400 of passive income from
other passive activities.
In year 2, Beau Geste earns income of $33,500. In addition, Molly contributes an additional $33,000 to Beau Geste during year
Molly's AGI in year 2 is $66,200(excluding any income or loss from Beau Geste). This amount includes $16,260 in income
from her other passive investments.
Required:
a. Based on the above information, complete the requirements A1 to A3.
b. Based on the above information, complete the requirements B1 to B2.
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