The outgoing left-wing leader and the centre-right president-elect disagree over where the ceremony should be held.
She urged people to take to the streets if they felt betrayed by the new centre-right government.
Venue worries
Mr Macri will take his oath of office before legislators in Congress at noon local time (15:00 GMT).
Following
his inaugural speech, he will then travel to the presidential palace
where he will receive the presidential sash and baton.
Ms Fernandez had insisted that the handover should also take place in Congress, where her party holds a majority of seats. She
argued that both she and her husband and predecessor in office, Nestor
Kirchner, had received the symbols of power in Congress and it had
therefore become a tradition to be followed.
Mr
Macri argued that according to presidential protocol, the handover
should be held in the presidential palace, as it did before 2003.
Local
media reported that Mr Macri's decision was probably driven not just by
tradition but also by a concern that followers of Ms Fernandez could
disrupt the ceremony in Congress.
Aides to Mr Macri said they feared her party could fill the gallery with her hardcore supporters.
Annoyed by Mr Macri's insistence, Ms Fernandez announced she would skip both ceremonies altogether.
Mr Macri's party in turn sought a court injunction affirming that Ms
Fernandez's term ended at midnight on Wednesday to settle the matter.
As
a result, power was temporarily transferred to Senate Speaker Federico
Pinedo, who is acting as head of state for 12 hours until Mr Macri's
inauguration.
Twitter storm
Argentines have been mocking what many of them see as an unbecoming row over protocol.
Many posted unflattering photographs of Ms Fernandez on Twitter under the hashtag CFKverguenzaglobal (CFKglobalshame).
They also expressed surprise that the official Twitter account for the Argentine presidency, @CasaRosadaAR, had been turned into a "Twitter tribute" to Ms Fernandez and her late husband, called @CasaRosada2003-2015
Ms Fernandez and Nestor Kirchner held power in Argentina for those 12 years.
Message of unity
In his inaugural speech, Mr Macri is expected to call for unity and reconciliation.
The conservative politician is not only inheriting a nation divided into
supporters and opponents of Ms Fernandez but also burdened with a host
of economic problems, correspodents say.
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