Question: On March 2 4 , 2 0 X 1 , M Corporation, a calendar year corporation, elected S status, and all of its shareholders consented

On March

24, 20

1,

M Corporation, a calendar year corporation, elected S status, and all of its shareholders consented to the election. All of the eligibility requirements have been met, including during the portion of the year that was pre

-

election. Without regard to any late election exceptions, which date is the earliest that M Corporation can be recognized as an S corporation?

Group of answer choices

March

4, 20

1 .

January

1, 20

2 .

March

4, 20

2 .

January

1, 20

1 .

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