What is Cash Boot?

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

Cash Boot is any boot received by the taxpayer, other than mortgage boot. Cash boot may be in the form of money or other property.

What is Mortgage Boot?

We sold a rental property last year and used the Section 1031 Tax Deferred Exchange law to defer the gains into another like-kind property. How do I handle this transaction on my tax return?

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What is Cash Boot?

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