please help
Complete this question by entering your answers in the tabs below. Based on the above information, complete the following table: Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220 not make any distributions to the partners. - In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of pas other passive activities. - In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional $38,650 to Beau 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13 her other passive investments. Required: a. Based on the above information, complete the requirements A1 to A3. b. Based on the above information, complete the requirements B1 to B2. Complete this question by entering your answers in the tabs below. What are the cumulative total passive suspended losses at the end of year 2 ? Problem 7-61 (LO 7-4) (Algo) Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners. - In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. - In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional $38,650 to Beau Geste during year 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive investments. Required: Based on the above information, complete the requirements A1 to A3. Based on the above information, complete the requirements B1 to B2. Complete this question by entering your answers in the tabs below. Based on the above information, complete the following table: Note: Leave no answers blank. Enter zero if applicable. Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does. not make any distributions to the partners. - In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. - In year 2, Beau Geste earns income of $32,500. In addition, Molly contributes an additional \$38,650 to Beau Geste during year 2. Molly's AGI in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passlve investments. Required: a. Based on the above information, complete the requirements A1 to A3. b. Based on the above information, complete the requirements B1 to 82 . Complete this question by entering your answers in the tabs below. Based on the above information, complete the following toble: Molly Grey (single) acquired a 30 percent limited parthership interest in Beau Geste LLP several years ago for $45,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,000. In year 1, Beau Geste incurs a loss of $220,500 and does not make any distributions to the partners: - In yeor 1, Molly's AGl (excluding any income or loss from Beau Geste) is $73,000. This includes $15,800 of passive income from other passive activities. - In year 2, Beou Geste earns income of $32,500. In addition, Molly contributes an additional \$38,650 to Beau Geste duriag year 2. Molly's AGt in year 2 is $76,300 (excluding any income or loss from Beau Geste). This amount includes $13,220 in income from her other passive investments: Required: a. Ensed on the above information, complete the requirements A1 to A3. b. Based on the above information, complete the requirements 81 to 82 . Complete this question by entering your answers in the tabs below. Based on the above information, complete the following table: Note: Leave no answers biank. Enter zero if applicable
