Inputs to organize
- Relinquished-property value
- Candidate properties
- Candidate values
- Ownership percentages
- Identification date
- Status and backup ranking
What the worksheet shows
- Three-property rule check
- 200% rule check
- 95% rule warning
- Printable identification worksheet
How the model works
Count separately identified replacement properties for the three-property rule.
Aggregate stated fair market values and compare them with 200 percent of the relinquished-property value entered by the user.
If neither limit is satisfied, calculate the value actually acquired against the total value identified for a 95-percent-rule warning.
Preserve fractional interests and multiple relinquished properties explicitly.
Generate a printable worksheet without transmitting or certifying the identification.
Checks before relying on the output
- Require a property description specific enough for adviser review.
- Require a stated value and ownership percentage for every candidate.
- Warn when changes are entered after the identification deadline.
- Do not mark the exchange compliant merely because a numeric rule appears satisfied.
The organizer does not submit or validate a legal identification notice and must preserve exact candidate descriptions for advisor review.
Common questions
Can more than three properties be identified?
Potentially, but another identification rule must be satisfied. The organizer should show the applicable numeric test rather than assume every list over three fails.
Does entering a property here identify it legally?
No. The identification must be made in the required manner to an appropriate party. The organizer only prepares and checks information.
What value is used for the 200-percent test?
The worksheet compares entered fair market values with the entered relinquished-property value. Those values should be reviewed when the result is close.
What is the 95-percent warning?
It indicates that the user may be relying on acquiring at least 95 percent of the aggregate value identified, a demanding fallback that requires precise closing data.
Can a DST interest be one candidate?
A qualifying interest may be identified, but the exact trust interest, offering availability, investor eligibility, and closing process still require review.
