Molly Grey (single) acquired a 30 percent limited partnership interest in Beau G

Question

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $67,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,500. In year 1, Beau Geste incurs a loss of $223,500 and does not make any distributions to the partners.

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $67,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,500. In year 1, Beau Geste incurs a loss of $223,500 and does not make any distributions to the partners.

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $67,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $24,500. In year 1, Beau Geste incurs a loss of $223,500 and does not make any distributions to the partners

Explanation / Answer

Can someone please show how to solve for this??? I am lost...and my textbook is not clear in how to solve for...ugh

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