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 ?
Using the industry-standard PCMark Vantage Advanced HDD Suite, the 30GB Boot Drive received a score of 20257 on a Windows 7 system, whereas a 7200RPM hard-disk drive reached 3294, according to the statement.
In addition to submitting a permit application at least 30 days before the event and having each participant submit a waiver of liability to the town manager, fundraisers will be required to wear Department of Transportation-approved reflective clothing while in the roadway and to post signs before the affected intersection indicating the purpose of the boot drive.
For example, with 40GB of boot drive capacity, a user could load the SSD with the Microsoft* Windows* 7 operating system, Microsoft Office applications and their favorite gaming application, such as Dragon Age: Origins*, and experience up to 43 percent faster overall system performance or 86 percent improvement in their gaming experience.
Selectman Cari Kay Robertson recommended that the policy include a requirement that warning signs, informing drivers of the purpose of the boot drive, be placed several hundred feet ahead of where the fundraisers are stationed.
It can be used as a boot drive in application servers or mission critical equipment.
Firefighters had planned to assist at the town's annual bonfire, which was to include a boot drive and other efforts.
The result of that collaboration, the Unisys Thin Client Model 2140, is a USB "stick" mass storage device that can transform an existing PC or laptop computer into a secure thin-client terminal by providing an encrypted read-only boot drive.
The X-Wall MX-256 and 256C are SATA-to-SATA single chip crypto modules that are capable of encrypting an entire SATA disk drive or solid-state drive, be it a boot drive or a data drive, at a sustained data throughput of 120MB/sec.
Orange Career Fire Fighters Local 4569 will hold a boot drive Sept.
Transporter is the quickest and most general way to import Windows images, including the boot drive, between dissimilar physical or virtual platforms without waiting for lengthy disk-to-disk copies or error-prone conversions.