Boot Calculator
Calculate boot (cash received, mortgage relief, non-like-kind property) and estimate tax implications for your 1031 exchange. Boot is any cash, debt relief, or non-like-kind value received during the exchange and is taxable in the year of exchange.
Boot Calculator
Calculate boot (cash received, mortgage relief, non-like-kind property) and estimate tax implications.
Sale price of the property you're selling
Purchase price of the replacement property
Any cash received from the exchange
Mortgage balance on relinquished property
Mortgage balance on replacement property
Understanding Boot
- Cash Boot: Any cash received during the exchange is taxable boot.
- Mortgage Boot: When your new mortgage is less than your old mortgage, the difference is treated as boot.
- Tax Implications: Boot is taxable as capital gain in the year of exchange. The actual tax rate depends on your tax bracket and holding period.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. California does not impose a state real estate transfer tax, but recording fees and title insurance premiums still apply.