Interactive Tool

Boot Calculator

Enter Baltimore-specific exchange figures to monitor cash received, mortgage relief, and non-like-kind proceeds while previewing illustrative tax on potential boot. Use the calculator to see how cash received, mortgage relief, and non-like-kind property impact potential Baltimore, MD tax exposure.

Boot Calculator

Live boot modeling for Baltimore, MD 1031 exchange scenarios.

Relinquished property value

Contract price of the asset you sold.

Replacement property value

Total contract price for the new property.

Cash received at closing

Any exchange cash kept outside the QI.

Non-like-kind property value

Personal property or other non-qualifying assets.

Old mortgage payoff

Debt paid off on the relinquished property.

New mortgage amount

Debt placed on the replacement property.

Illustrative combined tax rate (%)

Blend of federal capital gains, depreciation recapture, and NIIT.

Results are up to date.

Values update instantly. All figures are illustrative.

Boot summary

$0.00

Estimated boot with a tax exposure of $0.00 at 20%.

Cash boot$0.00

Mortgage boot$0.00

Non-like-kind value$0.00

Interpretation

Replacement value coverage
Replacement value meets or exceeds relinquished equity.
Debt replacement
New debt matches or exceeds the debt that was paid off.
Boot exposure
No boot detected based on current inputs.

Boot definitions

Cash boot: Exchange cash a taxpayer receives in Baltimore that is not rolled into the next purchase.
Mortgage boot: Debt relief created when new financing is less than the mortgage that was paid off.
Non-like-kind boot: Personal property or services provided as part of the transaction.

Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. Maryland transfer tax and recording fees still apply during 1031 exchanges.

Boot Calculator

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