Boot Calculator
Calculate boot (cash received, mortgage relief, and non-like-kind property) and estimate tax implications for your 1031 exchange. Boot is the portion of your exchange proceeds that is taxable because it was not reinvested in like-kind property.
Boot inputs
Values update as you type. Leave the field at zero if it does not apply.
Cash boot
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Cash withheld from exchange proceeds and not reinvested.
Mortgage boot
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Mortgage relief when the new loan is smaller than the old loan.
Total boot
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Total boot is the sum of cash boot and mortgage boot.
Illustrative tax (20%)
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Uses a 20% rate for demonstration. Confirm actual exposure with your tax advisor.
Boot refresher
Cash boot equals the equity removed from the exchange. Mortgage boot occurs when debt decreases. Both amounts are generally taxable to the extent of gain.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Colorado does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.