{
  "id": "PREF_RATE_1231_ASSETS",
  "name": "Section 1231 Capital Gain-Ordinary Loss Rule",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "Applies to depreciable property and real property used in a trade or business held for more than 1 year, subject to a 5-year lookback recapture rule for prior ordinary losses.",
    "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": "Net gains from the sale of business property held over one year are treated as long-term capital gains, while net losses are treated as ordinary losses (deductible against ordinary income).",
  "irc_reference": "IRC §1231",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "business",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}