Which of the following entities may select any tax period (calendar or ﬁscal)?

Question

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Sole propietors must use the same period for business tax purposes that they use for their personal purposes. Partnerships generally must use the same tax period of its partners who have a majority interest, or if not acceptable then the same tax year of its principal partners. If neither are acceptable then it must use the least aggregate deferral method to determine its tax year. S corporations and trusts generally must use a calendar. Only a corporation (other than an S corporation) may select a calendar year or any ﬁscal year.

Which of the Following Entities May Select Any Tax Period