Identification Letter Best Practices for Arizona Exchanges

The identification letter anchors every 1031 exchange. Phoenix intermediaries require accurate legal descriptions, contract data, and signatures to recognize identified properties.

Always Use Legal Descriptions

Street addresses alone are not enough. Pull legal descriptions from recorded deeds or title commitments. When multiple parcels are involved, list each parcel and associated assessor number.

Reference Backup Options Clearly

• Label each property as Primary or Backup.
• Document contract status and contingencies.
• Note any assumptions about construction or improvement exchanges.

Submit Before Midnight Phoenix Time

IRS deadlines follow calendar days. Mail, courier, and electronic submission options exist, but the intermediary must receive the letter by midnight in Phoenix on Day 45.