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After the conversion from a C Corporation to an S Corporation, to whom will the tax on built-in gains apply? A. To the S corporation

After the conversion from a C Corporation to an S Corporation, to whom will the tax on built-in gains apply?

A. To the S corporation for the rest of the corporation's existence
B. To the C corporation that converts to S status
C. To the S corporation and shareholders when built-in gains are realized
D. To the S corporation only and not to the shareholder

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