Which one of the following is not considered boot in a like-kind exchange?
A)Cash.
B)Other property.
C)Mortgage given.
D)Mortgage received.
E)All of thesE.Mortgage received is treated as transferring cash to the other party,and thus it is not boot to the recipient.

Question

Quizplus · Accepted Answer

Mortgage received is not considered boot in a like-kind exchange as it is treated as transferring cash to the other party. The other options, including cash, other property, and mortgage given, are all considered boot in a like-kind exchange.

Which One of the Following Is Not Considered Boot in a Like-Kind