{
  "id": "EXC_PREVIOUSLY_TAXED_EP",
  "name": "Exclusion of Previously Taxed Earnings and Profits (PTEP)",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "Applies to U.S. shareholders who have had income inclusions under section 951(a) or 951A and subsequently receive distributions from that CFC.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "available",
    "retroactive_note": "Automatic — computed on return",
    "forward_status": "available"
  },
  "description": "Allows U.S. shareholders to exclude from gross income actual distributions of a foreign corporation's earnings and profits that were already taxed under Subpart F or GILTI rules.",
  "irc_reference": "IRC §959",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "individual|business|investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}