Question: Molly Grey ( single ) acquired a 3 0 percent limited partnership interest in Beau Geste LLP several years ago for $ 5 0 ,

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $50,000. At the
beginning of year 1, Molly has tax basis and an at-risk amount of $22,000. In year 1, Beau Geste incurs a loss of $208,500 and does
not make any distributions to the partners.
In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $65,800. This includes $19,900 of passive income from
other passive activities.
In year 2, Beau Geste earns income of $31,500. In addition, Molly contributes an additional $37,600 to Beau Geste during year 2.
Molly's AGI in year 2 is $71,500(excluding any income or loss from Beau Geste). This amount includes $17,800 in income from
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.
Required A1
Required A2
Required A3
Required B1
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

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