Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $62,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $26,000. In year 1, Beau Geste incurs a loss of $211,000 and does not make any distributions to the partners.

• In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $75,600. This includes $14,300 of passive income from other passive activities.
• In year 2, Beau Geste earns income of $38,000. In addition, Molly contributes an additional $32,250 to Beau Geste during year 2. Molly's AGI in year 2 is $81,000 (excluding any income or loss from Beau Geste). This amount includes $10,320 in income from her other passive investments.

1. Based on the above information, complete the requirements A1 to A3.

A1 At-Risk Amount:

Initial Year 1 Amount:	$
Allowed loss:	$
End of Year 1 at-risk amount	$
Contribution for Year 2	$
BG Income	$
Allowed loss:	$
End of Year 2 at-risk amount	$

A2:

	Total Loss	At-Risk Allowed	At-Risk Disallowed
Year 1
Year 2

A3:

	At-Risk Allowed	Passive Activity Loss Allowed	Passive Activity Loss Disallowed
Year 1
Year 2

2. Based on the above information, complete the requirements B1 to B2.

B1:

What are the cumulative total passive suspended losses at the end of year 2?

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	$