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

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for \(\$ 61,000\). At the beginning of year 1, Molly has tax basis and an at-risk amount of \(\$ 32,500\). In year 1, Beau Geste incurs a loss of \(\$ 221,000\) and does not make any distributions to the partners.
- In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is \(\$ 67,000\). This includes \(\$ 17,600\) of passive income from other passive activities.
- In year 2, Beau Geste earns income of \(\$ 31,400\). In addition, Molly contributes an additional \(\$ 31,000\) to Beau Geste during year 2. Molly's AGI in year 2 is \(\$ 72,100\)(excluding any income or loss from Beau Geste). This amount includes \(\$ 13,720\) in income from her other passive investments.
Required:
a. Based on the above information, complete the requirements A 1 to A 3.
b. Based on the above information, complete the requirements B1 to B2
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Based on the above information, complete the following table:
Molly Grey ( single ) acquired a 3 0 percent

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