Molly Grey $($single$)$ acquired a $30$ percent limited partnership interest in Beau Geste LLP several years ago for $$60,000.$ At the beginning of year $1,$ Molly has tax basis and an at$-$risk amount of $$29,000.$ In year $1,$ Beau Geste incurs a loss of $$195,500$ and does not make any distributions to the partners.

In year $1,$ Molly's AGI $($excluding any income or loss from Beau Geste$)$ is $$74,400.$ This includes $$11,000$ of passive income from other passive activities.

In year $2,$ Beau Geste earns income of $$30,600.$ In addition, Molly contributes an additional $$25,670$ to Beau Geste during year $2.$ Molly's AGI in year $2$ is $$78,300($excluding any income or loss from Beau Geste$).$ This amount includes $$8,460$ 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$2.$

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

Required A$1$

Required A$2$

Required A$3$

Required B$1$

Required B$2$