Question: J . D . formed Clampett, Incorporated, as a C corporation ( calendar tax year ) with J . D . , Granny, and Jethro,
JD formed Clampett, Incorporated, as a C corporation calendar tax year with JD Granny, and Jethro, Incorporated a C corporation as shareholders. On January Jethro, Incorporated, sold all its shares to Jane Hathaway. On February Clampett, Incorporated, filed an S corporation election, with JD Granny, and Jane all consenting to the election. What is the earliest effective date of the S election?
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