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Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $62,500. At the beginning of year 1,

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Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $62,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $26,500. In year 1, Beau Geste incurs a loss of $181,500 and does no make any distributions to the partners. . In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,800. This includes $11,200 of passive income from other passive activities. . In year 2, Beau Geste earns income of $39,000. In addition, Molly contributes an additional $21,900 to Beau Geste during year 2 Molly's AG in year 2 is $78,600 (excluding any income or loss from Beau Geste). This amount includes $8,480 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 Al Reg A2 Req A3 Based on the above information, complete the following table: (Leave no answers blank. Enter zero if applicable.) Al-Risk Amount: Initial year 1 amount: Allowed loss End of year 1 at-risk amount Contribution for year 2 BG Income All Ince . In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,800. This includes $11,200 of passive income from other passive activities. In year 2, Beau Geste earns income of $39,000. In addition, Molly contributes an additional $21,900 to Beau Geste during year Molly's AGI in year 2 is $78,600 (excluding any income or loss from Beau Geste). This amount includes $8,480 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. Reg A1 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

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