Question: Question: On March 1 5 , 2 0 2 4 , J . D . sold his Clampett, Incorporated ( an S corporation ) shares

Question: On March 15,2024, J.D. sold his Clampett, Incorporated (an S corporation) shares to Ellie Mae, Incorporated (a C corporation), terminating Clampett, Incorporated's S election on March 15,2024. Absent permission from the IRS, what is the earliest date Clampett, Incorporated, may again elect to be taxed as an S corporation?January 1,2030January On March 15,2024, J . D . sold his Clampett, Incorporated ( an S corporation ) shares to Ellie Mae, Incorporated ( a C corporation ), terminating Clampett, Incorporated's S election on March 15,2024. Absent permission from the IRS, what is the earliest date Clampett, Incorporated, may again elect to be taxed as an S corporation?

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