CFR›Title 26›Chapter I›Part 1›Subject Group Involuntary Liquidation and Replacement of Lifo Inventories ContainsSections 1.1321-1–1.1321-2CorpusDaily eCFRDisplayed edition2026-11-03Last updated2026-11-03 Sections 1.1321-1 § 1.1321-1 Involuntary liquidation of lifo inventories. 1.1321-2 § 1.1321-2 Liquidation and replacement of lifo inventories by acquiring corporations. Previous Investment Income Investment Income Next Itemized Deductions for Individuals and Corporations Itemized Deductions for Individuals and Corporations