Question: Molly Grey ( single ) acquired a 3 0 percent limited partnership interest in Beau Geste LLP several years ago for $ 4 8 ,

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $48,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $29,500. In year 1, Beau Geste incurs a loss of $227,000 and does not make any distributions to the partners.
In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $63,000. This includes $16,600 of passive income from other passive activities.
In year 2, Beau Geste earns income of $35,500. In addition, Molly contributes an additional $33,800 to Beau Geste during year 2. Molly's AGI in year 2 is $66,300(excluding any income or loss from Beau Geste). This amount includes $13,750 in income from her other passive investments.
Initial year 1 amount:$29,500
Allowed loss:29,500
End of year 1 at-risk amount$0
Contribution for year 2$33,800
BG Income10,650
Allowed loss:12,900
End of year 2 at-risk amount$0
My allowed loss and end of year 2 at risk amount answers are wrong and its giving me trouble
Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for ()/((/$ 48,500/).) At the beginning of year 1, Molly has tax basis and an at-risk amount of ()/((/$ 29,500/).) In year 1, Beau Geste incurs a loss of ()/((/$ 227,000/)) and does not make any distributions to the partners.
- In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is ()/((/$ 63,000/).) This includes ()/((/$ 16,600/)) of passive income from other passive activities.
- In year 2, Beau Geste earns income of ()/((/$ 35,500/).) In addition, Molly contributes an additional ()/((/$ 33,800/)) to Beau Geste during year 2. Molly's AGI in year 2 is ()/((/$ 66,300/))(excluding any income or loss from Beau Geste). This amount includes ()/((/$ 13,750/)) 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 B1
Required B2
Based on the above information, complete the following table:
Note: Leave no answers blank. Enter zero if applicable. Moily Grey (single) acquired a 30 percent limited partership intereat in Beau Geste LiP geveral years ago for ()/()$48,500. At the make any disulbutions to the paraners:
- In year T, Molly's AGi (excluding any income or loss from Beau Geste) is ()/((/$ 63.000/).) This inciudes ()/((/$ 16,600/)) of passive income from orther passive activities.
- In year 2, Beau Geste eams Income of ()/((/$ 35,500/).) In oddition, Moliy contributes on adilitional ()/((/$ 33,800/)) to Beau Geste during year 2 Molly's AG! In year 2 is ()/((/$ 66,300/)) lexcluding any income or loss from Beau Geste
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.

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