In this video, Paul Holloway demonstrates a basic calculation of tax on the cash-out of an investment property of real estate and the potential to defer these taxes by reinvesting sales revenue into a 1031 like-kind exchange.
What is boot under Section 1031 of the tax code? In relation to like-kind exchanges, there are two classic types of boot - cash boot and mortgage boot. Learn about each in this short video.
© 2002-2019 Accruit, LLC All Rights Reserved.