Molly Grey $($single$)$ acquired a $30$ percent limited partnership interest in Beau Geste LLP several years ago for $$50,000.$ At the

beginning of year $1,$ Molly has tax basis and an at$-$risk amount of $$22,000.$ In year $1,$ Beau Geste incurs a loss of $$208,500$ and does

not make any distributions to the partners.

In year $1,$ Molly's AGI $($excluding any income or loss from Beau Geste$)$ is $$65,800.$ This includes $$19,900$ of passive income from

other passive activities.

In year $2,$ Beau Geste earns income of $$31,500.$ In addition, Molly contributes an additional $$37,600$ to Beau Geste during year $2.$

Molly's AGI in year $2$ is $$71,500($excluding any income or loss from Beau Geste$).$ This amount includes $$17,800$ 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 B$1$ to B$2.$

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Required A$1$

Required $A2$

Required A$3$

Required B$1$

Required B$2$

Based on the above information, complete the following table: