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Unambiguous description
Also called: clear property description · legal description requirement
A description precise enough to identify the intended replacement property.
What it means in practice.
IRS guidance says real property should be clearly described, such as by legal description, street address or distinguishable name.
Why it matters.
Vague descriptions increase identification risk.
Additional notes.
IRS guidance says real property should be clearly described, such as by legal description, street address or distinguishable name.
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