Please explain what requirements must be satisfied in order to receive nontaxable exchange treatment under 1031 Please explain the relationship between realized gain and boot received in a 1031 like- kind exchange Please explain the relationship between the postponement of realized gain under 1031 exchanges) and the adjusted basis and holding period for the replacement property Please explain under what circumstance is there recognition of some or all of the realized gain associated with the giving of boot by the taxpayer in a like-kind exchange