Molly grey (single) aquire a 30 percent limited partnership interest in Beau Geste LLP several years ago for $66,000. at the beginning of year 1, molly has tax basis and an at-risk amount of $27,000. in year 1, Beau Geste incur a loss of $209,500 and does not make any distributions to the partners.

in year 1, molly's AGI (excluding any income or loss from Beau Geste ) is $65,500. this includes $17,500 of passive income from other passive activities. in year 2, Beau Geste earns income of $33,500. in addition, molly contributes an additional $32,400 to Beau Geste during year 2. molly's AGI in year 2 is $69,800 (excluding any income or loss from Beau Geste). this amount includes $15,480 in income from her other passive investments.

a. based on the above information, complete the following tables: ( leave no answer 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. at-risk allowed 1 2 at-risk 1 2

year passive activity passive activity loss allowed loss disallowed 1 2

b. what are the cumulative total passive suspended losses at the end of year 3? cumulative total passing suspended losses

year 2 AGI AGI before Beau Geste year 2 passive income from Beau Geste year 2 allowed passive losses year 2 AG2