Boot
Cash or non-like-kind property received (boot) may be taxable.
Replacement property value must generally meet or exceed sale price to defer full gain.
Key takeaways
- Use a qualified intermediary
- Strict identification and closing deadlines apply
Related calculators
Apply these concepts with formula-based tools on Calculator Factory.
- Real Estate1031 Exchange Calculator
Estimate capital gains deferral, boot, and tax savings from a like-kind exchange under IRC Section 1031.
- Real EstateRental Property Calculator
Estimate monthly cash flow, annual returns, and gross and net yield for a rental investment property.
- Real EstateClosing Cost Calculator
Estimate closing costs and total cash required at closing based on home price, down payment, and closing cost percentage.
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FAQ
- Does 1031 apply to primary homes?
- Generally no — 1031 targets investment and business property; primary residence has different exclusions.