LIFO recapture amount

(B)For purposes of this paragraph, the term “LIFO recapture amount” means the amount (if any) by which— (i)the inventory amount of the inventory assets under the first-in, first-out method authorized by section 471, exceeds (ii)the inventory amount of such assets under the LIFO method. (C)For purposes of this paragraph—

Source

26 USC § 312(n)(4)(B)


Scoping language

For purposes of this paragraph
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