# LIFO Recapture Under Section 1363(d)
> **IRS** · Final regulation. · Published 2005-07-12 · Effective 2005-07-12 · 70 FR 39920
## Document
- **Document number:** 05-13383
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 70 FR 39920
- **CFR reference:** 26 CFR 1
- **Publication date:** 2005-07-12
- **Effective date:** 2005-07-12
- **Treasury docket:** TD 9210
## Abstract

This document contains final regulations regarding LIFO recapture by corporations converting from C corporations to S corporations. The purpose of these regulations is to provide guidance on the LIFO recapture requirement when the corporation holds inventory accounted for under the last-in, first-out (LIFO) method (LIFO inventory) indirectly through a partnership. These regulations affect C corporations that own interests in partnerships holding LIFO inventory and that elect to be taxed as S corporations or that transfer such partnership interests to S corporations in nonrecognition transactions. These regulations also affect S corporations receiving such partnership interests from C corporations in nonrecognition transactions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/07/12/05-13383/lifo-recapture-under-section-1363d)
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