{
  "id": "RATE_1256_CONTRACTS",
  "name": "60/40 Capital Gains Treatment",
  "category": "timing",
  "jurisdiction": "federal",
  "eligibility_type": "profile",
  "eligibility": {
    "description": "Applies to taxpayers holding regulated futures, foreign currency contracts, or nonequity options (like index options) at year-end or upon termination.",
    "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": "Gains and losses from Section 1256 contracts (regulated futures, foreign currency contracts, and nonequity options) are treated as 60% long-term and 40% short-term capital gains, regardless of the actual holding period.",
  "irc_reference": "IRC §1256",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}