Boot Calculator Inputs
Sale price of the property you're selling
Purchase price of the replacement property
Any cash you receive from the exchange
Mortgage balance on relinquished property
Mortgage balance on replacement property
Understanding Boot
Cash Boot: Any cash you receive from the exchange that is not reinvested in replacement property.
Mortgage Boot: Occurs when your new mortgage is less than your old mortgage, effectively giving you debt relief.
Total Boot: The sum of cash boot and mortgage boot. Boot is generally taxable as part of your capital gain.
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