Identification Period
The 45-day window after a 1031 exchange sale closes during which the seller must identify in writing the replacement property or properties they intend to acquire. The 45-day deadline is strict and not extendable; missing it disqualifies the exchange entirely and triggers immediate recognition of the deferred gain. The identification rules permit identifying multiple potential replacements (commonly under the three-property rule or the 200-percent rule), giving the seller some flexibility, but the timing is unforgiving.
Lessons that use this term
Related terms
Absorption Rate · AFFO per Share · Allowed Return on Equity · Alternative Investments · Anchor Tenant · Assets Under Management
Open this term in the app → — no account needed; browse the full glossary while you research.