45 Day Identification Support
45 Day Identification Support helps investors in San Francisco, CA track and manage their 45 day identification deadline with automated alerts, property tracking, and identification letter preparation. This service is designed for investors who need systematic oversight of their identification timeline to ensure compliance with IRS requirements.
We coordinate with qualified intermediaries to verify identification letter formats, track delivery confirmations, and provide deadline reminders. Our team monitors calendar days including weekends and holidays to ensure your identification is delivered by midnight on Day 45.
The service includes identification letter templates, property evaluation support, and contingency planning for multiple property paths. We work with your qualified intermediary to ensure all identification requirements are met before the deadline.
What's Included
- •Automated deadline tracking and alerts
- •Identification letter template preparation
- •Property evaluation and contingency planning
- •Qualified intermediary coordination
- •Delivery confirmation tracking
- •Calendar day calculation including holidays
- •Multiple property path support
Common Situations
- •Investor needs to identify three properties but wants backup options in case primary choices become unavailable
- •Investor is considering the 200 percent rule and needs help structuring the identification strategy
- •Investor has multiple properties to identify and needs systematic tracking to meet the deadline
Frequently Asked Questions
What is the 45 day identification rule in San Francisco, CA?
The 45 day identification rule requires you to identify replacement properties in writing to your qualified intermediary by midnight on Day 45 after closing on your relinquished property in San Francisco, CA. Calendar days apply even when the deadline falls on a weekend or holiday unless the IRS issues formal relief.
How does boot affect my identification in San Francisco, CA?
Boot is any cash, debt relief, or non like kind value received during the exchange. Boot is taxable as capital gain in the year of the exchange. In San Francisco, CA, coordinating loan balances and contract credits early helps keep inadvertent boot out of the closing statement and protects your tax deferral.
Can I identify more than three properties in San Francisco, CA?
Yes. You may identify more than three properties in San Francisco, CA if you follow the 200 percent rule or 95 percent exception. The 200 percent rule allows identification of unlimited properties if their total fair market value does not exceed 200 percent of the relinquished property value.
What happens if I miss the 45 day deadline in San Francisco, CA?
Missing the 45 day identification deadline in San Francisco, CA disqualifies your exchange and triggers immediate tax liability on the gain from your relinquished property. There are no extensions except in rare cases of federally declared disasters or other IRS relief.
How do I deliver my identification letter in San Francisco, CA?
Your identification letter must be in writing and delivered to your qualified intermediary by midnight on Day 45 in San Francisco, CA. Delivery can be by certified mail, email with read receipt, or hand delivery with written confirmation. We coordinate with your qualified intermediary to ensure proper delivery and documentation.
Example Capability
Example of the type of engagement we can handle
Location
San Francisco, CA
Scope
Track 45 day identification deadline, prepare identification letter, coordinate with qualified intermediary
Client Situation
Investor sold a commercial property and needs to identify replacement properties within 45 days
Our Approach
We set up automated tracking, prepared identification letter templates, evaluated property options, and coordinated with the qualified intermediary to ensure timely delivery
Expected Outcome
Identification letter delivered to qualified intermediary before Day 45 deadline with proper documentation
Contact us to discuss your situation in San Francisco, CA. We can share references upon request.
Educational content only. Not tax, legal, or investment advice. 1031 defers income tax on qualifying real property and does not remove transfer or documentary taxes.
Ready to Get Started?
Contact us to discuss your 1031 exchange needs in San Francisco, CA.