The microstructure of poly(1,3‐pentadiene) synthesized by cationic polymerization of 1,3‐pentadiene with tBuCl/TiCl4 initiating system is analyzed using one‐dimensional‐ and two‐dimensional‐NMR spectroscopy. It is shown that unsaturated part of chain contains only homo and mixed dyads with trans−1,4‐, trans−1,2‐, and cis−1,2‐structures with regular and inverse (head‐to‐head or tail‐to‐tail) enchainment, whereas cis−1,4‐ and 3,4‐units are totally absent. The new quantitative method for the calculation of content of different structural units in poly(1,3‐pentadiene)s based on the comparison of methyl region of 13C NMR spectra of original and hydrogenated polymer is proposed. The signals of tert‐butyl head and chloromethyl end groups are identified in a structure of poly(1,3‐pentadiene) chain and the new approaches for the quantitative calculation of number‐average functionality at the α‐ and ω‐end are proposed. © 2013 Wiley Periodicals, Inc. J. Polym. Sci., Part A: Polym. Chem. 2013, 51, 3297–3307