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What is the definition of “Boot”?

Written by James Brennan on January 20th, 2007 with Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Tax Calculations and General Tax Q&A and Form 8824 and All the Questions You Were Afraid To Ask About 1031s.

Cash or mortgage relief received in an exchange, the result of which is a taxable gain.

Written by James Brennan on January 20th, 2007 with Read more articles on Web Properties and inside1031.com and CardeaCommercial.com and Tax Calculations and General Tax Q&A and Form 8824 and All the Questions You Were Afraid To Ask About 1031s.

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