Boot

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Boot

Money or an asset added to a trade in order to make it reflect the fair market value of the assets being traded. A common example of a boot is a trade between a new car and an old car. The person trading the old car will usually add money or another asset to the deal in order to make it "even." The boot is often taxable even in an otherwise tax-free transaction.

boot

(1) Money or other property that is not like-kind and is given to make up the difference in value between two properties exchanged in a like-kind exchange under Section 1031 of the Internal Revenue Code.If a gain would otherwise be recognized on the transaction,except for the intervention of the 1031 vehicle,then gain must be recognized and taxes paid to the extent of the value of the boot. (2) Especially in Texas, it is common among property developers to require some type of boot to show that more than money is involved in their business transactions.

Example: A seller might agree to sell prime property for $12,000,000, but only if the buyer throws in a particularly handsome bronze statue sitting on his desk.

Boot

Cash or property of a type not included in the definition of qualifying property for purposes of structuring a nontaxable exchange. The receipt of boot will cause an otherwise tax-free transfer to become taxable to the extent of the lesser of the fair market value of the boot or the realized gain on the transfer. Examples of nontaxable exchanges that could be partially or completely taxable due to the receipt of boot include transfers to controlled corporations and like-kind exchanges.
References in periodicals archive ?
Furthermore, many smartphone users, for example, allow their phones to convert to sleep mode but they rarely power off their devices to save battery power because the boot time is thought to be an inconvenience.
WinOnX supports over 70 percent of Windows programs, requires no Windows boot time and has a low cost, easy setup.
However, the combination of virtualizing XenApp, upgrading to Windows Server 2008 and shared storage introduces performance issues with provisioning, boot time and application response time for IO bound applications.
The EE3 optimizations we've made on our consumer and business PCs mean customers will spend less time waiting and more time doing what they want to do, with faster boot time performance and quicker resume times for a more instant-on experience.
Client Boot Time -- documents the average SMC clients boot time.
All protection of Tiny Firewall 64 is performed at the driver level making all protection of Tiny Firewall 64 active at the boot time before the system processes start.
The company is officially demonstrating its new ExpressCache[TM] product--an intelligent SSD data caching and pinning software solution designed to markedly boost PC boot time and application launch speeds.
LinuxBIOS is an Open Source BIOS alternative that provides remote BIOS management capabilities and decreases the boot time for the entire cluster.
Driving down boot time to sub-10 seconds on the ThinkPad T420s laptop results from applying precise, focused engineering to hardware and software interoperability," said Dilip Bhatia, vice president, Think Product Group, Lenovo.
0 Second Edition also includes new boot time defragmentation technology to safely defragment system files in about the time it takes for a typical system boot.
For those home users, Microsoft is working with its associates to improve boot time with Windows Me on new PCs.
Early lab tests [see video] have shown dramatic improvement in both boot time performance and application load/start times on a myriad of systems.