{
  "id": "EXCL_VARIABLE_CONTRACT_ASSET_APPRECIATION",
  "name": "Variable Contract Basis Adjustment",
  "category": "other",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "Applies to life insurance companies issuing variable contracts (annuities or life insurance) with segregated asset accounts.",
    "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": "Provides for the automatic increase in basis of assets held in segregated accounts for variable contracts to the extent appreciation is reflected in reserves, preventing double taxation of investment growth.",
  "irc_reference": "IRC §817",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}