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How should tim report the nol

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Problem 1: 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: EM132816088

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