How many properties can I identify in a 1031 exchange?
You can identify more than one. The usual choice is the 3-property rule: you may name up to three replacement properties of any value and buy any or all of them. If you want to identify more than three, you must instead satisfy the 200% rule (any number, but total value under twice what you sold) or the 95% rule (any number and value, but you must actually acquire 95% of it).
Most exchangers use the 3-property rule because there’s no value cap to track. The 200% rule and 95% rule exist for cases where you need many candidates.
Over-identifying under the wrong rule can invalidate your entire identification, so decide which rule you’re using before you list anything. With xchange1031 you can revise your identified list any time up to day 45.
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General education — not tax or legal advice. This explains how §1031 exchanges work in general terms and uses simplified assumptions. Rules and tax rates change and your situation is specific. Talk to a qualified CPA or tax attorney before you rely on any of it. See our full terms & legal notice.