Most investors structuring their transaction as a 1031 exchange are aware that they must identify their replacement property within 45 days of the sale of their first relinquished property. For example, the identification of the replacement property will read “123 Main St., Anytown, USA”, or some suitable derivative specifically identifying the property, such as a tax block and lot. If the taxpayer is acquiring a 100% interest in the property an identification merely listing a property address would be entirely correct. But what about if the taxpayer is only acquiring a 10% interest in that property? Is that identification still correct?