Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $50,000. At the ginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In year 1. Beau Geste incurs a loss of $208,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,800. This includes $19,900 of passive income from other passive activities. In year 2, Beau Geste earns income of $31,500. In addition, Molly contributes an additional $37,600 to Beau Geste during year 2 Moll's AGI in year 2 is $71,500 (excluding any income or loss from Beau Geste). This amount includes $17,800 in income from her other passive investments. a. Based on the above information, determine the following amounts: Complete this question by entering your answers in the tabs below. Req AI Reg A2 Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) 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 Molly Grey (single) acquired a 30 percent limited partnership interest in Beau beginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In y not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $ other passive activities. In year 2, Beau Geste earns income of $31,500. In addition, Molly contrib Molly's AG in year 2 is $71,500 (excluding any income or loss from Beau her other passive investments. a. Based on the above information, determine the following amounts: Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Based on the above information, complete the following table: (Leave no answers b Year Total Loss At-Risk Allowed At-Risk Disallowed Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LL beginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In year 1, Be not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,800. other passive activities. In year 2, Beau Geste earns income of $31,500. In addition, Molly contributes an a Molly's AGI in year 2 is $71,500 (excluding any income or loss from Beau Geste). T her other passive investments. a. Based on the above information, determine the following amounts: Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req A3 Based on the above information, complete the following table: Year At-Risk Allowed Passive Activity Loss Allowed Passive Activity Loss Disallowed Reg A2 Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $50,000. At the ginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In year 1. Beau Geste incurs a loss of $208,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,800. This includes $19,900 of passive income from other passive activities. In year 2, Beau Geste earns income of $31,500. In addition, Molly contributes an additional $37,600 to Beau Geste during year 2 Moll's AGI in year 2 is $71,500 (excluding any income or loss from Beau Geste). This amount includes $17,800 in income from her other passive investments. a. Based on the above information, determine the following amounts: Complete this question by entering your answers in the tabs below. Req AI Reg A2 Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) 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 Molly Grey (single) acquired a 30 percent limited partnership interest in Beau beginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In y not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $ other passive activities. In year 2, Beau Geste earns income of $31,500. In addition, Molly contrib Molly's AG in year 2 is $71,500 (excluding any income or loss from Beau her other passive investments. a. Based on the above information, determine the following amounts: Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Based on the above information, complete the following table: (Leave no answers b Year Total Loss At-Risk Allowed At-Risk Disallowed Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LL beginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In year 1, Be not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,800. other passive activities. In year 2, Beau Geste earns income of $31,500. In addition, Molly contributes an a Molly's AGI in year 2 is $71,500 (excluding any income or loss from Beau Geste). T her other passive investments. a. Based on the above information, determine the following amounts: Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req A3 Based on the above information, complete the following table: Year At-Risk Allowed Passive Activity Loss Allowed Passive Activity Loss Disallowed Reg A2
