Section 1031 Boot

In a section 1031 exchange, "boot" is any additional cash or property received that is not considered of a like kind to the property being exchanged. For example, if you exchange a property worth $100,000 for one worth $80,000 plus $20,000 in cash, the $20,000 cash portion would be considered boot.

• Home -> Reference Book - A Real Estate Guide -> Reference Book - A Real Estate Guide -> Chapter 16 - Taxation and Assessments -> INCOME TAXATION
• https://ca.realestatebooksai.com/node/2208