26 CFR § 1.1321-2 - Liquidation and replacement of lifo inventories by acquiring corporations.

---
identifier: "/us/cfr/t26/s1.1321-2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "26 CFR § 1.1321-2 - Liquidation and replacement of lifo inventories by acquiring corporations."
title_number: 26
title_name: "Internal Revenue"
section_number: "1.1321-2"
section_name: "Liquidation and replacement of lifo inventories by acquiring corporations."
chapter_name: "INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "INCOME TAX"
part_number: "1"
part_name: "INCOME TAXES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "26 U.S.C. 7805, unless otherwise noted."
regulatory_source: "T.D. 6500, 25 FR 11402, Nov. 26, 1960; 25 FR 14021, Dec. 21, 1960; T.D. 9989, 89 FR 17606, Mar. 11, 2024, unless otherwise noted."
cfr_part: "1"
---


# 1.1321-2 Liquidation and replacement of lifo inventories by acquiring corporations.

For additional rules in the case of certain corporate acquisitions referred to in section 381(a), see section 381(c)(5) and the regulations thereunder.

[T.D. 6500, 25 FR 12042, Nov. 26, 1960]