On January 1, 2020, Blue Corporation, David, Julie, and Joseph form a limited liability company that is taxed as a partnership. Blue is a corporation with a January 31 year end, David and Julie are calendar year taxpayers and Joseph has a fiscal year end June 30. Assume all the memebers of the LLC have an equal interest, what taxable year should the LLC use?

June 30 January 31 Any of the 3 tax years can be used December 31