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 ?
Matasano evaluated the SourceT architecture against three areas of vulnerability: code injection, privilege level escalation, and alteration or subversion of the trusted boot process.
The boot process verifies your Chrome OS install ensuring that it is not tampered with and thus free of viruses and other malware.
For the first time, users can logon with a combination of password, the Lenovo Fingerprint Reader or the RSA SecureID SID800 two-factor authentication token, before the system has completed the boot process.
Boot from SAN capability enables LeftHand's Open iSCSI SAN customers to significantly reduce the total cost of IT ownership by maximizing consolidation of IT resources, minimizing equipment costs through the use of diskless servers, and simplifying management by centralizing the boot process.
As a pioneer in the management of desktop and mobile systems, the DMTF has established the Desktop and Mobile Work Group to deliver additional concentration in this evolving area, extending the organization's Common Information Model (CIM) schema to enable the standardization of key functions, such as alerting and event logging, remote system power control and monitoring, boot process monitoring, platform asset inventory, discovery and more.
DeepDefense also improves system performance by eradicating spyware that affects the boot process and slows load times, as well as by significantly reducing the need for spyware scans.
2 specification will help ensure that malicious code cannot invade a device so early in its boot process that steps cannot be taken to thwart the attack.
Compellent's Boot from SAN feature optimizes the boot process by creating a golden copy of the boot image on the SAN rather than on the internal disk drives within every server - saving money, increasing performance and conserving capacity.
Stating that, "Zone Labs continues to enhance and strengthen existing features," PC Magazine notes that ZoneAlarm Security Suite includes many user-friendly improvements such as a user interface designed to thwart a malicious program's attempts to turn off protection, enhanced MailSafe to block suspicious e-mail attachments and a stealth firewall that loads earlier in the boot process to seal off any window of opportunity a hacker may have to access an unprotected system.
Typically adding less than a second to the boot process, System Commander automatically detects all OSes on a system and presents the user with available OS choices in a skinable graphics environment.