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 Book Reviews arrow Adam Handler
Thursday, 20 November 2008
PDF Print E-mail
"Tax-Free Swaps is an excellent new treatise on like-kind exchanges. It provides the background information and sufficient details to both introduce the uninitiated to the topic and serve as a resource for professionals."

Adam Handler, Principal, PricewaterhouseCoopers, LLP
 
< Prev   Next >