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 ?
com/products/pbconnex) provides both the convenience of auto-boot and the security of pre-boot authentication.
With SecureDoc and PBConnex, all authorized users can simply enter their password to log on to an authorized device at pre-boot without any additional replication being necessary.
2 is also the first FDE solution to incorporate Pre-Boot Networking (PBN) and Advanced Encryption Standard New Instruction (AES-NI) to make FDE easier to manage and faster than ever before - enabling organizations to provide all the security benefits of FDE without any of the management, user or network performance headaches associated with encrypting endpoint devices.
With the addition of FDE DriveManager, Seagate Momentus' self-encrypting drives, our portfolio enables customers to choose intelligent policy based data encryption at a device, user or group level; to choose software based full disk encryption, or to take advantage of the emergence of hardware based self encrypting drives, where the remote management, pre-boot strong authentication and remote destruction will aid in organisation's data protection needs, unique environments and specific circumstances," explains Chris Burchett, CREDANT's Chief Technology Officer and co-founder.
SecureDoc adds organization-wide encryption key management, multi-factor pre-boot user authentication, file/folder encryption and other capabilities that lock down digital information assets.
Since 2003, charismathics has pioneered the field of Public Key Infrastructure (PKI), introducing the first PKI client to support Trusted Platform Modules (TPM) and the first PKI client to support pre-boot environments.
Our close work with industry leader Phoenix Technologies has resulted in a flexible pre-boot authorization solution that supports the long-awaited mass market deployment of the EFI architecture," said Tom Aebli, AuthenTec Vice President of PC Products.
Together, these provide a modern, well defined environment for booting an operating system and running pre-boot applications.
CSSI is a cost-effective, smart card independent middleware, which allows for seamless integration with all major pre-boot authentication systems and all major PKI and standard interfaces.
Under the McAfee SIA program, Gemalto has integrated its Protiva Enterprise Authentication Solutions with McAfee Endpoint Encryption software for pre-boot authentication.