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How should Tim report the NOL

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Question - For the fiscal year ending June 30, 2019 the LLC reports an operating loss for $30,000. Tim is a 10% member of the LLC and has $2,300 basis for the LLC. How should Tim report the NOL?

a. $1,500 in 2018 and 2019

b. $2,300 in 2019

c. $3,000 in 2019

d. $1,150 for 2018 and 2019

e. none of above

Reference no: EM132801562

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