Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $51,500. At the beginning of year 1, Molly has tax basis and an at-risk amount of $25,500. In year 1, Beau Geste incurs a loss of $192,000 and does not make any distributions to the partners.

In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $63,200. This includes $13,100 of passive income from other passive activities.

In year 2, Beau Geste earns income of $36,200. In addition, Molly contributes an additional $27,440 to Beau Geste during year 2. Molly's AGI in year 2 is $66,800 (excluding any income or loss from Beau Geste). This amount includes $9,980 in income from her other passive investments.

Required:

Based on the above information, complete the requirements A1 to A3.

Based on the above information, complete the requirements B1 to B2.