Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $48,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $20,000. In year 1, Beau Geste incurs a loss of $180,000 and does not make any distributions to the partners.

• In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $60,000. This includes $10,000 of passive income from other passive activities.
• In year 2, Beau Geste earns income of $30,000. In addition, Molly contributes an additional $30,000 to Beau Geste during year 2. Molly's AGI in year 2 is $63,000 (excluding any income or loss from Beau Geste). This amount includes $8,000 in income from her other passive investments.

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

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: ??

Year Total Loss At-Risk Allowed At-Risk Disallowed

1 ?? ?? ??

2 ?? ?? ??

Year At-Risk Allowed Passive Activity Loss Passive Activity Loss

Allowed Disallowed

1 ?? ?? ??

2 ?? ?? ??

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

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: ??