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 Ronald L. Raitz
Friday, 03 September 2010
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“Section 1031 is an incredible wealth building tool. Brad details in a thorough, yet easy to understand, manner how basic and complex section 1031 exchange transactions can be implemented for both novice and sophisticated investors. He also provides insight to investors on how service providers (qualified intermediaries) operate.”

Ronald L. Raitz, CCIM, CES®, President, Real Estate Exchange Services, Inc.
 
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