Reverse Exchange

45-Day ID Form

45-Day Identification Form

For Use in a Reverse §1031 Exchange

The 45-day identification requirement remains in effect for reverse exchanges that involve

parking the Replacement Property (an “Exchange Last”). The ID requirements are satisfied

by identifying one or more assets as potential Relinquished Property, the sale of which

during the period ending 180 days after the acquisition of the Replacement Property by the

EAT is required in order to complete the exchange.

There is no need to make a separate identification if the form of reverse exchange used is

one in which the Relinquished Property is parked (i.e. an “Exchange First”).

It is your responsibility to make the identification in writing. You may deliver the

identification to ExStra via US Mail, courier, fax or email no later than midnight on the 45th

day of the identification period.

The two identification rules used most frequently in reverse exchanges are:

The Three-Property Rule

: up to 3 properties with any value can be identified and

any or all of them can be sold as Relinquished Property in order to complete the

reverse exchange. A fillable form for identifying with the Three-Property Rule is on

the second page of this document.

The 200% Rule

: any number of properties can be identified and sold before the

180

th

day as long as their aggregate Fair Market Value on the 45

th

day of the

exchange period does not exceed 200% of the purchase price of the Replacement

Property. A fillable form for identifying with the 200% Rule is on the third page of

this document.

The forms on the following pages are fillable, meaning that you can type data directly into

the chosen form, print the form, sign it and then send it using your preferred method:

Mail or courier:

Exchange Strategies Corporation

900 E. Hamilton Ave., Ste. 100

Campbell, CA95008

Attn: Stan Freeman

877-487-1031

Fax:

888-876-3583

Email:

Reverse Exchange

45-Day ID Form

45-Day Relinquished Property Identification

Exchangor

Replacement Property

EAT

Close Date

45-Day ID Deadline

The 45-day Identification requirements are hereby satisfied using the Three

Property Rule:

One

Two

Three

Submitted by the Exchangor

Receipt Acknowledged

Signature:

Signature:

Name:

Name:

Date:

Date: