replacement year
Defined in 1 place of the United States Code.
The term “replacement year” means any taxable year in the replacement period; except that such term shall not include any taxable year after the taxable year in which replacement of the liquidated goods is completed.
Source
- 1994–present26 U.S.C. § 473Internal Revenue Code · Qualified liquidations of LIFO inventories · for purposes of this section