Upton, Inc. is a corporation that has been in business since 2004. In 2014, Upton's sole owner Justin, made a timely S corporation election. At the date of the election, Upton's sole asset was highly appreciated. When can Justin have Upton distribute the asset and avoid federal double taxation? Anytime now that Upton is an S corporation Anytime after January 1, 2019 Anytime after January 1, 2018 O Never, double taxation never goes away