What is Boot?

By Debra Murphy on April 15, 2014 in Section 1031 Basics

Boot is any property received by the taxpayer in the exchange which is not like-kind to the relinquished property. Boot is characterized as either “cash” boot or “mortgage” boot. Realized Gain is recognized to the extent of net boot received.

What is the difference between ‘realized’ gain and ‘recognized’ gain?

What is Mortgage Boot?

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What is Boot?

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