On March 15, 2018, J. D. sold his Clampett, Inc. (an S corporation) shares to Ellie Mae, Inc. (a C corporation), terminating Clampett, Inc.'s S election on March 15, 2018. Absent permission from the IRS, what is the earliest date Clampett, Inc. may again elect to be taxed as an S corporation?

Multiple Choice

• January 1, 2024.

• January 1, 2023.

• January 1, 2022.

• January 1, 2021.

• January 1, 2019.