Video: Debt Replacement in a 1031 Exchange

In order to receive a full tax deferral in a 1031 exchange you much exchange equal or up in value to avoid any " Unlike property or non-qualifying property such as securities, cash, notes, partnership interests, etc. Taxpayer who receives boot ("unlike" property) will have to recognize gain to the extent of the net boot received or realized gain, whichever is less. In exchanges, there are two types of boot: cash boot and mortgage boot. Boot ". Learn more about what "boot" is in a 1031 exchange and how to ensure you receive a full tax deferral in this video.