Identification Rules

Three Property Rule:
  • The Taxpayer shall identify only that number of replacement properties which meets one of the rules set forth below:
  • The Three-Property Rule – Identify 3 replacement properties without regard to the fair market value of the Properties
200% Rule

Identify any number of properties (more than 3) so long as their aggregate fair market value does not exceed 200% of the fair market value of the Relinquished Property

The 95% Rule

Identify any number of properties (more than 3) without regard to their aggregate fair market value so long as the Taxpayer received identified replacement properties constituting at least 95% of the aggregate fair market value of all identified replacement properties by the 180th