Identification Rules Checker
Validate your replacement property identification against IRS rules. The IRS allows three methods for identifying replacement properties: the 3-property rule, the 200% rule, or the 95% rule. Use this tool to check if your identification complies with these rules.
Identification Rules Checker
Total number of replacement properties you plan to identify
Combined purchase price of all identified replacement properties
Sale price of the property you are selling
Understanding the Rules
- 3-Property Rule: You can identify up to 3 replacement properties of any value. If you identify more than 3 properties, you must meet the 200% or 95% rule.
- 200% Rule: You can identify any number of replacement properties as long as their total value does not exceed 200% of the relinquished property value.
- 95% Rule: If you exceed the 200% rule, you must acquire at least 95% of the total value of all identified properties. This rule applies when you identify more than 3 properties or exceed 200% of the relinquished value.
- Important: You must identify replacement properties in writing within 45 days of selling your relinquished property. The identification must be delivered to your Qualified Intermediary.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Florida does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.