$30$

Multiple Choice

$1$ point

$x$ co$,$ a calendar year taxpayer, is formed $\frac{1}{1}\frac{?}{?}5$ by A and $B,$ both individuals, and $Y$ corp.

On $\frac{2}{15}\frac{?}{?}5,Y$ corp. sells its shares of $x$ co$.$ to $C($an individual$).$

On $2/19/$x$5,$ X co$.$ elects to be an S Corp and A$,$ B$,$ and C consent to the S election on that date. Y corp. doesn't consent to the election.

On $\frac{1}{1}\frac{?}{x6},x$ co$.$ satisfies the requirements to be an $S$ corp.

$x$ co$.$ is an S corp. as of

January $1,20$x$5$

None of these.

February $19,20$x$5$

February $15,20$x$5$

January $1,20$x$6$