What rules apply to the identification of possible replacement properties?
One of three of the following rules must be followed during the identification of replacement properties: • 3-Property Rule: Identify up to 3 potential replacement properties, without regard to their value • 200% Rule: Identify any number of properties so long as their total value does not exceed twice the value of the relinquished property • 95% Rule: Identify any number of properties, so long as by the end of the exchange period 95% of the aggregate fair market value of all the identified properties is acquired.
Related Questions
- I closed escrow on my first replacement property within the 45 day identification period. Can I now identify three more properties within my 45 day identification period?
- What rules apply to the identification of possible replacement properties?
- What are the rules for identifying replacement properties?
