Can I identify more than 200% of the fair market value of the relinquished property, but close on less than that to conform to the rule? Or the identification can not exceed 200%?
Chosen Answer:
Yes and no. It will depend on the number of properties you identify and the amount you end up purchasing.
Lets say the above is a very simple explanation. See the info below. The second URL will take you to the specific page where you will find an explanation that should pretty much nail your question. I know the author (Ray Alcorn). He has been
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