Sentences with phrase «net cash boot»
Qualified costs paid (between both the relinquished and replacement property closings) always offset net cash boot received.
http://www.havenexchange.com/
Debt boot paid never offsets cash boot received (net cash boot received is always taxable).
Not exact matches
If Charlie does a 1035 like - kind exchange from his current life insurance policy to a new, smaller policy for «just» the $ 50,000 of net cash value, he's actually treated as having exchanged $ 50,000 of cash value plus receiving another $ 150,000 of cash to boot, which was used to repay the loan... and that $ 150,000 of «boot» is taxable as a partial surrender of the policy.