{
  "id": "ELE_LIFO_LIQUIDATION_RELIEF",
  "name": "Qualified LIFO Liquidation Adjustment",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Requires a 'qualified inventory interruption' as determined by the Secretary and a formal election by the taxpayer to apply the adjustment upon replacement of goods.",
    "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 a taxpayer to decrease gross income in a year where LIFO inventory was liquidated due to major interruptions (like trade embargoes) if the inventory is replaced within 3 years.",
  "irc_reference": "IRC §473",
  "deadline": "",
  "savings_potential": "niche",
  "benefits": "business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}