{
  "id": "ELE_DEBT_EQUITY_CHARACTERIZATION",
  "name": "Issuer Characterization Binding Election",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Corporations issuing financial instruments; requires consistent reporting by the issuer and notification if a holder treats the interest inconsistently.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "deadline_passed",
    "retroactive_note": "Action required during tax year — verify if still applicable",
    "forward_status": "available"
  },
  "description": "Allows an issuer to characterize an interest as debt or equity at the time of issuance, which is binding on holders and can be used to ensure interest deductibility for the corporation.",
  "irc_reference": "IRC §385(c)",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}