{"data":{"id":"us/26-cfr-1.312-5","jurisdiction":"us","citation":"26 CFR 1.312-5","heading":"-5 Special rule for partial liquidations and certain redemptions.","body":"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.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"2eb9da9ee26dfd7a39709fb7e03aa3e3cd729c8f588cb438624c41f879b92ff5","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.312-4","next":"us/26-cfr-1.312-6"},"notice":"GroundRules: Original legal text. Not legal advice."}