§ 1.312-5. Special rule for partial liquidations and certain redemptions.
44 words·~1 min read·
/us/cfr/t26/s§ 1.312-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The part of the distribution properly chargeable to capital account within the provisions of section 312(e) shall not be considered a distribution of earnings and profits within the meaning of section 301 for the purpose of determining taxability of subsequent distributions by the corporation.