Boot Calculator | 1031 Exchange Houston
Calculate boot in your 1031 exchange. Boot is any non-like-kind property received, such as cash or debt relief, and is generally taxable. Use this tool to estimate boot and potential tax implications for Houston, TX investors.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions.
Exchange Information
Sale price of the property you are selling
Purchase price of the replacement property
Any cash received from the exchange proceeds
Mortgage balance on relinquished property
Mortgage balance on replacement property
Ready to Calculate
Enter your exchange information to calculate boot and estimated tax implications.
Understanding Boot
What is Boot?
Boot is any non-like-kind property received in a 1031 exchange. This includes cash, debt relief, or personal property. Boot is generally taxable to the extent of realized gain.
Cash Boot
Cash boot occurs when you receive cash from the exchange proceeds. Any cash received is generally taxable as boot, even if the replacement property value equals or exceeds the relinquished property value.
Mortgage Boot
Mortgage boot occurs when your new mortgage is less than your old mortgage. The difference represents debt relief, which is treated as boot and is generally taxable.
Tax Implications
Boot is generally taxable to the extent of realized gain. The tax rate depends on your situation, holding period, and income level. Consult with a tax advisor for accurate calculations.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Texas does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.