Implements § 312Open in workspace
Reg. § 1.312-5 Special rule for partial liquidations and certain redemptions.
26 CFR § 1.312-5eCFR, current through 2026-07-14
The part of the distribution properly chargeable to capital account within the provisions of section shall not be considered a distribution of earnings and profits within the meaning of section for the purpose of determining taxability of subsequent distributions by the corporation.