{
  "id": "ELE_SEC_732D_BASIS_ADJUSTMENT",
  "name": "Section 732(d) Basis Election",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Partners who purchased or inherited a partnership interest within the last 2 years where the partnership did not have a 754 election.",
    "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": "A partner who acquired their interest via transfer (without a Section 754 election in place) can elect to treat distributed property as having a stepped-up basis if the distribution occurs within 2 years of the acquisition.",
  "irc_reference": "IRC §732(d)",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}