PokéBase - Pokémon Q&A
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Self-Exlpanitory, I would love to know!

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>As of X & Y, if you have one of the parents hold the Destiny Knot item, then 5 IVs total from either parent will be guaranteed to be transferred - Serebii

So in short Yes, actually it will pass down 5 Ivs

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Yes, it passes down 5 IVs from the holder down to the egg. 3 IVs in past Generations.

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