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What does the term 'Mortgage Boot' refer to in 1031 exchanges? When the taxpayer does not acquire debt equal to or greater than the debt
What does the term 'Mortgage Boot' refer to in 1031 exchanges? When the taxpayer does not acquire debt equal to or greater than the debt paid off on the relinquished property sale The total amount of mortgage on the replacement property The process of refinancing a replacement property The mortgage interest deductions allowed
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