{
  "id": "ELEC_754_BASIS_STEP_UP",
  "name": "Section 754 Optional Basis Adjustment",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Requires a valid Section 754 election by the partnership. The adjustment (increase or decrease) applies only to the transferee partner to align their outside basis with their share of inside basis.",
    "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 partnership to adjust the basis of its assets when a partnership interest is transferred or a partner dies. This results in a 'step-up' in basis for the transferee partner, increasing their depreciation deductions and reducing future gain on asset sales.",
  "irc_reference": "IRC §743",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "individual|investor|business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}