Boot Calculator
Calculate boot including cash received and mortgage relief to estimate tax implications for your 1031 exchange in Dallas, TX. Boot is the portion of your exchange proceeds that is taxable.
Boot Calculator
Sale price of property being sold
Purchase price of replacement property
Cash received at closing
Mortgage balance on relinquished property
Mortgage balance on replacement property
Understanding Boot
- • Cash Boot: Cash received at closing is taxable
- • Mortgage Boot: Debt relief when new mortgage is less than old mortgage
- • Total Boot: Sum of cash and mortgage boot, subject to capital gains tax
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Texas does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.
Related Resources
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Share your property details and we will help you understand boot implications and coordinate with your tax advisor in Dallas, TX.