Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $67,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,500. In year 1, Beau Geste incurs a loss of $223,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $70,800. This includes $12,200 of passive income from other passive activities.

In year 2, Beau Geste earns income of $37,000. In addition, Molly contributes an additional $38,350 to Beau Geste during year 2. Molly's AGI in year 2 is $75,600 (excluding any income or loss from Beau Geste). This amount includes $9,140 in income from her other passive investments. a. Based on the above information, complete the following tables: (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

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

Year Passive Activity LossAllowed Passive Activity LossDisallowed 1 2

b. What are the cumulative total passive suspended losses at the end of year 2? Cumulative total passive suspended losses: ?

Year 2 AGI: AGI before Beau Geste: ? Year 2 passive income from Beau Geste: ? Year 2 allowed passive losses: ? Year 2 AGI: ?