{
  "id": "PREF_RATE_TIMBER_CUTTING",
  "name": "Election to Treat Timber Cutting as Sale",
  "category": "timing",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Must have owned the timber or held a contract right to cut for more than 1 year; election is binding for future years unless revoked with consent.",
    "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": "Taxpayers can elect to treat the cutting of timber as a sale or exchange, potentially allowing the gain to be taxed at preferential capital gains rates rather than ordinary income rates.",
  "irc_reference": "IRC §631",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "business|investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}