What is boot in a 1031 exchange?

Boot is cash or other non-like-kind value received in an exchange. Debt relief that is not replaced can also create boot.

Does receiving boot invalidate the exchange?

Not necessarily. Recognized gain is generally taxable up to the amount of boot while the remaining qualifying gain may still be deferred.

Estimate potential boot.

Model cash received and net debt relief in a partial 1031 exchange.

Talk to a 1031 specialist

Model your exchange

Use the amounts expected at closing. This simplified model does not capture every tax or transaction adjustment.

Cash received outside the exchangeRelinquished debtReplacement debtEstimated realized gain

Potential boot received

Important: this is potential boot received, not recognized taxable gain.

Potential cash boot$0

Potential debt boot$0

Potential total boot$0

This calculator does not determine recognized taxable gain. That amount is generally limited by realized gain and can differ from potential boot received. Confirm the result with your tax professional.