Finance category
Mortgage, loan, investing, tax, and money calculators.
Like Kind Exchange Boot Calculator
Boot (cash/debt relief) in exchange triggers partial taxable gain.
Total boot
$600,000
Cash boot
$300,000
Debt boot
$300,000
How the math works
Cash boot = cash received. Debt boot = max(0, relinquished − replacement debt). Total = sum.
$300k cash + max(0, $6M − $5.7M) = $300k cash + $300k debt = $600k total boot (taxable).
How to Use
- Enter relinquished property value.
- Enter replacement property value.
- Enter cash received (boot).
- Enter relinquished debt.
- Enter replacement debt.
- Read taxable boot.
Frequently Asked Questions
Boot types?
Cash boot: unused cash from exchange. Debt boot: debt relief (relinquished debt > replacement debt). Both trigger taxable gain up to total exchange gain. Limits tax liability to boot received.
Avoiding boot?
Up-sizing: replacement property value ≥ relinquished value. Debt replacement: maintain or increase debt. 'Buy up' strategy: add cash to exchange. Partial exchanges always trigger proportional boot.
Planning?
Structure exchange to eliminate boot when possible. Use boot for debt paydown or property improvement post-close. Document boot in exchange agreement. Qualified Intermediary should model boot before closing. Last-minute boot often costly.
How often should I rerun this?
Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.
Related Calculators
More Finance Calculators
Browse all finance →AI Cost Calculator
Compare token costs across OpenAI, Anthropic, and Google AI models. Calculate monthly API spending for GPT-4o, Claude, Gemini, and more.
Tip Calculator
Calculate the perfect tip and split the bill between friends. Choose preset percentages or enter a custom tip amount.
Bill Splitter Calculator
Split an uneven restaurant bill by item, divide tax and tip proportionally, and see exactly who owes whom.
Discount Calculator
Calculate sale price, discount amount, stacked discounts, sales tax, and total savings for any markdown.
Gas Mileage Calculator
Calculate MPG or km/L, estimate trip fuel cost, and compare annual fuel expenses between two vehicles.
Sales Tax Calculator
Add sales tax to a price, reverse-calculate the pre-tax amount from a total, and estimate tax for multiple items on one receipt.
Keep exploring