JD is a member in the Canyons North limited liability company. The LLC has opted to be treated as a.

JD is a member in the Canyons North limited liability company. The LLC has opted to be treated as a partnership for federal income tax purposes. At the beginning of the taxable year, JD’s basis in her LLC interest was $50,000. For the current year, her distributive share of Canyons North’s taxable income was $18,000. She received distributions totaling ,000 per month. How much income will JD report on her current year individual tax return from her interest in Canyons North? a. $18,000. b. $24,000. c. $42,000. d. $0.  

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