{
  "id": "DED_E_P_ADJUSTMENT_LIABILITIES",
  "name": "Earnings and Profits Reduction for Liabilities",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "Corporations distributing property encumbered by debt or where the shareholder assumes corporate debt in connection with the distribution.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "available",
    "retroactive_note": "Automatic — computed on return",
    "forward_status": "available"
  },
  "description": "Reduces the impact of property distributions on corporate earnings and profits by the amount of any liability to which the property is subject or any liability assumed by the shareholder.",
  "irc_reference": "IRC §312(c)",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}