{
  "url": "sellingrealestateflorida.com/faq/how-does-the-identification-rule-work-for-replacement-properties-in-a-south-flor",
  "name": "How does the 'identification rule' work for replacement properties in a South Florida 1031 Exchange?",
  "@type": "FAQPage",
  "@context": "https://schema.org",
  "speakable": {
    "@type": "SpeakableSpecification",
    "cssSelector": [
      "h1",
      ".faq-question",
      ".faq-answer",
      "[itemprop=\"acceptedAnswer\"]"
    ]
  },
  "mainEntity": [
    {
      "name": "How does the 'identification rule' work for replacement properties in a South Florida 1031 Exchange?",
      "@type": "Question",
      "acceptedAnswer": {
        "text": "The identification rule requires you to formally identify potential replacement properties within 45 calendar days of closing on your relinquished property. You must deliver a written, unambiguous identification to your qualified intermediary. There are typically three rules for identification: the 'Three Property Rule' (identify up to three properties regardless of value), the '200% Rule' (identify any number of properties as long as their aggregate fair market value does not exceed 200% of the relinquished property's value), or the '95% Rule' (acquire at least 95% of the fair market value of all properties identified, regardless of number). We can assist in sourcing potential properties across our service areas that fit these criteria.",
        "@type": "Answer",
        "description": "Within 45 days of selling your property, you must formally identify replacement properties to your qualified intermediary using one of three IRS rules: the Three Property Rule, the 200% Rule, or the 95% Rule. This identification must be written and unambiguous."
      }
    }
  ],
  "description": "Within 45 days of selling your property, you must formally identify replacement properties to your qualified intermediary using one of three IRS rules: the Thre"
}