Based on Apple's documentation, my Mac mini (Late 2014, mid-range model with Intel Iris) should be able to support 4K video through HDMI. I've plugged in my Seiki 39" 4K TV (SE39UY04), but when the "Best for display" option is chosen, it outputs 1080p, rather than 2160p. If I choose "Scaled" for the resolution, the only options are 1080p, 1080i, 900p, and 720p.
How can I force the Mac mini to output at 2160p? Or is Apple's marketing wrong and I bought a machine that doesn't actually support 4K over HDMI?
Edit: Apparently, it really is an Apple-acknowledged issue, but they've stubbornly not provided any fix. Frustrating.
Summary: Yosemite reads the EDID from the TV that clearly indicates it supports 4K @ 30Hz, and promptly throws it away considering it invalid because it erroneously thinks the pixel clock to be too high (297 MHz). Once you fix that, though, there's yet another bug in the frame buffer. Apparently others online have success in Mavericks and it fails in Yosemite and also no problems at all under Windows. I'm going to try both of those this week, but ... ugh.
Also... since the comments indicated that perhaps it had to do with the cable or the TV, I should note that during the initial boot (Apple logo with progress bar), the output is correctly set to 2160p@30Hz. Likewise if I boot while holding down option, when presented with the options for drives to boot from, that screen is outputed at 2160p@30Hz. But the moment the login screen is presented, it switches back to 1080p@60Hz.