{
  "id": "DED_SBIC_ORDINARY_LOSS",
  "name": "Ordinary Loss Treatment for SBIC Stock",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "The loss must be on stock in a small business investment company operating under the Small Business Investment Act of 1958.",
    "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": "Losses on stock in a Small Business Investment Company (SBIC) that would normally be capital losses are treated as ordinary losses, which can offset high-tax ordinary income without the $3,000 capital loss limitation.",
  "irc_reference": "IRC §1242",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}