From Expert Real Estate Tips

1031 Exchange: What Is Boot?

Posted in: All Videos, 1031 Exchange
By ExpertRealEstateTips
Oct 16, 2008 - 11:53:32 AM

In the 1031 exchange industry, boot is another word for tax. If you exchange property and your new property has a lower value than what you sold you incur boot. To avoid boot you need to buy new property for the entire amount of the property you sold. Learn more about a 1031 tax exchange and boot.

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