Question: The Peter Pan Partnership files an Entity Classification Election Form (Form 8832) on July 1, 2020, electing to be treated as a corporation for federal

The Peter Pan Partnership files an Entity Classification Election Form (Form 8832) on July 1, 2020, electing to be treated as a corporation for federal tax purposes. What is the latest this election may take effect?

a) January 1, 2021

b) July 1, 2021

c) July 1, 2020

d) January 1, 2022

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