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Boot

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Definition of Boot:

A boot is any additional value (cash or property) that causes an otherwise tax-free exchexchangeange to become taxable. For example, if you were performing a like-kind exchange of a property that you have a $500,000 basis in, for a property plus cash that gives you a basis of $600,000, you would be taxed on the extra $100,000 (also known as the boot).