Identification Rules Checker
Validate your replacement property identification against the 3-property, 200%, or 95% identification rules. The IRS requires you to follow one of these three rules when identifying replacement properties.
Identification Rules Checker
Validate your replacement property identification against the 3-property, 200%, or 95% identification rules.
Total number of replacement properties you plan to identify
Combined fair market value of all identified properties
The sale price of your relinquished property
Understanding Identification Rules
- Three Property Rule: Identify up to 3 properties regardless of value. Most flexible option for most exchanges.
- 200% Rule: Identify any number of properties, but total value cannot exceed 200% of relinquished property value.
- 95% Rule: Identify any number of properties without value limit, but you must acquire at least 95% of the total identified value. Rarely used.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Illinois does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.
Related Resources
Ready to Get Started?
Contact our team to discuss your 1031 exchange needs in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.