{
  "id": "EXCL_SEC_1248_TAX_LIMIT",
  "name": "Limitation on Tax for Deemed Sales of Section 1248 Stock",
  "category": "other",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "Applies to individual partners when a partnership sale triggers ordinary income treatment due to the partnership's ownership of controlled foreign corporation (CFC) stock.",
    "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": "Limits the tax attributable to ordinary income amounts resulting from the sale of partnership interests that hold certain foreign corporation stock (Section 1248 stock) for individual partners.",
  "irc_reference": "IRC §751(e)",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "individual|investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}