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Updated about 8 years ago on .
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1031 Boot and Passive Carry Over Loss
Let's say I sell an investment property for $600k (net of commissions and misc fees) and purchase 2 replacement properties for a total of $570k. This leaves me with a boot of $30k. My passive carry over loss for the $600k property is $30k. Does this basically zero out my tax liability for the boot?