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 percent limited partnership interest in Beau Geste LLP several years ago for $ At the
beginning of year Molly has tax basis and an atrisk amount of $ In year Beau Geste incurs a loss of $ and does
not make any distributions to the partners.
In year Molly's AGI excluding any income or loss from Beau Geste is $ This includes $ of passive income from
other passive activities.
In year Beau Geste earns income of $ In addition, Molly contributes an additional $ to Beau Geste during year
Molly's AGI in year is $excluding any income or loss from Beau Geste This amount includes $ in income from
her other passive investments.
Required:
a Based on the above information, complete the requirements to
b Based on the above information, complete the requirements B to B
Complete this question by entering your answers in the tabs below.
Required A
Required A
Required A
Required B
Based on the above information, complete the following table:
Note: Leave no answers blank. Enter zero if applicable.
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