Identification Rules Consultation
Identification rules consultation service helps Chicago, IL investors understand and choose between the three property rule, two hundred percent rule, and ninety five percent rule for structuring compliant identification letters. This service provides strategic guidance and written compliance memos explaining each identification strategy and how to structure identification letters that meet IRS requirements.
Our team works with Chicago, IL investors to understand their exchange objectives, property preferences, and identification timeline. We coordinate with Qualified Intermediaries and tax advisors to provide written compliance memos explaining each identification rule and how to structure identification letters. The service includes deadline monitoring and coordination with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.
Identification rules consultation is ideal for Chicago, IL investors who need clarity on identification strategies and want written documentation explaining their options. We help investors understand the three property rule, two hundred percent rule, and ninety five percent rule requirements, timing deadlines, and documentation needs to maintain exchange compliance throughout the transaction.
What We Include
- •Strategic identification rules consultation
- •Written compliance memos explaining three property, two hundred percent, and ninety five percent rules
- •Coordination with Qualified Intermediary and tax advisors
- •Identification letter structure guidance
- •Deadline monitoring for forty five day and one hundred eighty day milestones
- •Qualified escrow coordination for property acquisitions
- •Exchange documentation support
- •Stakeholder coordination and updates
Common Situations
Chicago, IL investor selling property and needs identification rules consultation to understand which identification strategy best fits their situation
Investor wants written compliance memos explaining identification rules and needs guidance structuring identification letters
Investor with multiple property preferences and needs consultation to choose appropriate identification rule
Example of the type of engagement we can handle
Service Type
Identification Rules Consultation
Scope
Provide identification rules consultation and written compliance memos explaining three property, two hundred percent, and ninety five percent rules for Chicago investor structuring identification letter
Client Situation
Investor selling Chicago multifamily property and needs identification rules consultation to understand which identification strategy best fits their situation before submitting identification letter within forty five day deadline
Our Approach
Consult with investor to understand exchange objectives and property preferences, provide written compliance memos explaining each identification rule, coordinate with Qualified Intermediary and tax advisors, guide identification letter structure, monitor deadlines
Expected Outcome
Investor receives written compliance memos explaining identification rules and guidance structuring identification letter that best fits their situation, all documentation properly coordinated with Qualified Intermediary
Educational content only. Not tax, legal, or investment advice.
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Frequently Asked Questions
What identification rules are available for Chicago, IL investors?
How does boot affect Chicago, IL investors using identification rules consultation?
Can Chicago, IL investors switch identification rules after submitting identification letters?
What happens if Chicago, IL investors choose the wrong identification rule?
How does identification rules consultation help Chicago, IL investors meet timing deadlines?
What is the one hundred eighty day deadline for Chicago, IL investors?
Ready to Get Started?
Contact our team to discuss how Identification Rules Consultation can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.