1031 Vocabulary
Boot
Money, non-like-kind property, and certain liability relief that an exchanger receives in exchange for relinquished property.  The receipt of boot triggers gain under section 1031 to the extent of the boot received or gain realized, whichever is lower.
 
Home arrow 1031 Vocabulary arrow Exchange and proximate business restructuring
Friday, 03 September 2010
Exchange and proximate business restructuring PDF Print E-mail
An exchange that either precedes, follows, or straddles a business restructuring. A business restructuring is a formation of, dissolution of, distribution from, contribution to, merger of, division of a business entity or other similar transaction. exchangefollowedby.jpg
 
< Prev   Next >