Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $65,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $31,000. In year 1, Beau Geste incurs a loss of $227,100 and does not make any distributions to the partners.

In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $62,000. This includes $17,300 of passive income from other passive activities.

In year 2, Beau Geste earns income of $38,200. In addition, Molly contributes an additional $18,640 to Beau Geste during year 2. Molly's AGI in year 2 is $65,000 (excluding any income or loss from Beau Geste). This amount includes $14,660 in income from her other passive investments.

a. Based on the above information, determine the following amounts:

Chapter 7 Problems Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. och Reg A1 Reg A2 Reg A3 Based on the above information, complete the following table: Passive Year At Risk Allowed Activity Passive Activity Passive Loss 1 $ + 31,000 50,830 $ 2 LOSS Allowed 17,300 26,120 Disallowed $ 13,700 24.710