Alternative rule. If the partner- ship is not otherwise required to deter- mine the inventory amount of the in- ventory using the LIFO method (the LIFO value) on the recapture date, the partnership may determine the lookthrough LIFO recapture amount as though the FIFO and LIFO values of the inventory on the recapture date equaled the FIFO and LIFO values of the opening inventory for the partner- ship’s taxable year that includes the recapture date. For this purpose, the opening inventory includes inventory contributed by a partner to the part- nership on or before the recapture date and excludes inventory distributed by the partnership to a partner on or be- fore the recapture date. A partnership that applies the alternative method of this paragraph (c)(4)(iii) to calculate the lookthrough LIFO recapture amount must take into account any adjustments to the partnership’s basis in its LIFO inventory that result from transactions occurring after the start of the partnership’s taxable year and before the end of the recapture date. For example, the lookthrough LIFO re- capture amount must be adjusted to take into account any adjustments to the basis of LIFO inventory during that period under sections 734(b), 737(c), or 751(b).
Alternative rule. For employees with a pension-qualifying salary in excess of 10 income base amounts the bank / company and the employee may instead of the main rule make an agreement for an alternative pension solution regarding salary por- tions between 7.5 and 30 income base amounts. Such agreement may apply for pension purposes only. When an agreement has been made to apply the alternative rule for an individual salaried employee, the rule must be applied for as long as the employee remains in service with the bank/company. 9a § — Alternative pay-out of retire- ment pension Retirement pension may be paid out earlier than 65 years of age if the em- ployee so wishes and for the purpose of retirement, subject to the tax regula- tions and insurance conditions in effect from time to time. Due to the change in the payment period, the retirement pension shall be cal- culated according to the pension institution’s actuarial insurance assump- tions.
Alternative rule. With respect to employees with a pension-qualifying salary exceed- ing 10 income base amounts the bank / company and the employee may make an agreement to apply a different pension solution than family pension under Section 12:3. When an agreement has been made to apply the alternative rule for an in- dividual salaried employee, the rule must be applied for as long as the em- ployee remains in service with the bank/company.
Alternative rule. In certain cases, the adjusted basis of a partner’s inter- est in a partnership may be determined by reference to the partner’s share of the adjusted basis of partnership prop- erty which would be distributable upon termination of the partnership. The al- ternative rule may be used to deter- mine the adjusted basis of a partner’s interest where circumstances are such that the partner cannot practicably apply the general rule set forth in sec- tion 705(a) and paragraph (a) of this section, or where, from a consideration of all the facts, it is, in the opinion of the Commissioner, reasonable to con- clude that the result produced will not vary substantially from the result ob- tainable under the general rule. Where the alternative rule is used, adjust- ments may be necessary in deter- mining the adjusted basis of a partner’s interest in a partnership. Adjustments would be required, for example, in order to reflect in a partner’s share of the adjusted basis of partnership prop- erty any significant discrepancies aris- ing as a result of contributed property, transfers of partnership interests, or distributions of property to the part- ners. The operation of the alternative rules may be illustrated by the fol- lowing examples:
