AVOIDING TAXES AND MORTGAGE BOOT USING THE DEBT REPLACEMENT PRINCIPLE

“Why do I owe taxes on the property I sold when I completed a 1031 exchange with the purchase of a new property?” This is a question that is far too common by 1031 exchangers. The usual answer is Boot. Boot is an old English term that means “Something given in addition to.” In a 1031 … Continue reading AVOIDING TAXES AND MORTGAGE BOOT USING THE DEBT REPLACEMENT PRINCIPLE