How long does the taxpayer have to identify the replacement property?
A. Identification Period: The identification of the replacement property (or properties) must be submitted to the QI in writing no later than midnight of the 45th day (including a Saturday, Sunday, or legal holiday) after the relinquished property is sold. The document must give an unambiguous description of the property or properties, and must be signed by the taxpayer and delivered or sent to the QI before midnight of the 45th day.
