Return to question Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $49,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $30,000. In year 1, Beau Geste incurs a loss of $214,500 and does not make any distributions to the partners. In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,000. This includes $10,600 of passive income from other passive activities. In year 2, Beau Geste earns income of $36,500. In addition, Molly contributes an additional $29,550 to Beau Geste during year 2. Molly's AGI in year 2 is $68,900 (excluding any income or loss from Beau Geste). This amount includes $7,540 in income from her other passive investments. a. Based on the above information, determine the following amounts: Answer is complete but not entirely correct. 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 blank. Enter zero if applicable.) $ 30,000 (30,000) 0 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 29,550 10,950 (34,350) 6,150 $ Answer is complete but not entirely correct. 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 blank. Enter zero if applicable.) Year Total Loss 1 2 $ / 64,350 34,350 At-Risk At-Risk Allowed Disallowed $ 30,000 $ 34,350 34,350 $ 0 Answer is complete but not entirely correct. 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: Year At-Risk Allowed Passive Activity Loss Allowed $ 10,600 18,490 Passive Activity Loss Disallowed $ 19,400 910 1. 2 $ / 30,000 19,400 X b. Based on the above information, complete the following table: Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req B1 Req B2 What are the cumulative total passive suspended losses at the end of year 2? Cumulative total passive suspended losses $ 35,860