Boot Calculator
Calculate boot (cash received, mortgage relief, and non-like-kind property) and estimate potential tax implications for your 1031 exchange. Boot is any cash or non-like-kind property received in an exchange and may be subject to capital gains tax.
Boot Calculator
Sale price of the property you are selling
Purchase price of the replacement property
Any cash received from the exchange
Outstanding mortgage on relinquished property
New mortgage on replacement property
Understanding Boot
- Cash Boot: Any cash received in the exchange is taxable boot.
- Mortgage Boot: If your new mortgage is less than your old mortgage, the difference is considered mortgage relief boot and may be taxable.
- Total Boot: The sum of cash boot and mortgage boot. This amount may be subject to capital gains tax.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Florida does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.