Molly Grey (single) acquired a 30 percent limited - PART B

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 atrisk 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. 3. Based on the above information, complete the following table: Complete this question by entering your answers in the tabs below. b. Based on the above information, complete the following table: Complete this question by entering your answers in the tabs below. What are the cumulative total passive suspended losses at the end of year 2? b. Based on the above information, complete the following table: 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