Calculator
Boot Calculator
Determine whether your San Diego, CA exchange produces cash or mortgage boot. Enter your relinquished value, replacement value, cash received, and mortgage figures to view an instant breakdown with an illustrative tax estimate.
Results
- Cash boot
- $0
- Mortgage boot
- $0
- Total boot exposure
- $0
- Illustrative tax on boot
- $0
- Replacement shortfall
- $0
Path to full deferral looks achievable.
How we calculate boot
- Cash boot: Any cash that leaves the exchange.
- Mortgage boot: Debt relief when the new loan is smaller than the retired loan.
- Replacement shortfall: If the new property costs less than the relinquished asset, boot may occur.
- Estimated tax: Calculated using your illustrative tax rate. Actual rates depend on federal and state exposure.
Assumes no other non-like-kind property is received. Change the tax rate to reflect your CPA guidance.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions.