{
  "id": "ELE_SECTION_754_BASIS_STEP_UP",
  "name": "Optional Basis Adjustment for Undistributed Partnership Property",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Requires a valid Section 754 election to be in effect for the partnership during the year of distribution.",
    "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 partnership can elect to increase the basis of its remaining assets when a distributee partner recognizes gain or takes a basis in distributed property that is lower than the partnership's previous basis in that property.",
  "irc_reference": "IRC §734",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}