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
Thursday, 20 November 2008
PDF Print E-mail

“This book de-mystifies many aspects of like-kind exchanges and will meet a diverse range of educational needs. A unique contribution to the literature of like-kind exchanges.”

Kelly E. Alton, General Counsel, Nationwide Exchange Services; former Senior Technician Reviewer, Branch 5, Income Tax & Accounting Division, Office of Chief Counsel, Internal Revenue Service National Office; and principal author of Rev. Proc. 2000-37

 
< Prev   Next >
tax_free_swaps_book_cover.jpg
"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
Read more...