What Is Boot In SFR Investing?
Boot is non-like-kind property or cash in a 1031 exchange that becomes taxable.
Boot is non-like-kind property or cash exchanged in tax-deferred transactions that becomes taxable. In a 1031 exchange, boot can trigger capital gains tax on the portion that isn’t reinvested into like-kind replacement property.
The information in this article is for educational purposes only and does not constitute tax, legal, financial, or investment advice. Consult a qualified professional before making investment decisions.