Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $51,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $25,500. In year 1, Beau Geste incurs a loss of $192,000 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $63,200. This includes $13,100 of passive income from other passive activities. In year 2, Beau Geste earns income of $36,200. In addition, Molly contributes an additional $27,440 to Beau Geste during year 2. Molly's AGI in year 2 is $66,800 (excluding any income or loss from Beau Geste). This amount includes $9,980 in income from her other passive investments.

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

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

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

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

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

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

Cumulative total passive suspended losses

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