Like-kind exchange with boot

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  • January 21, 2018 at 8:15 pm #1695627
    Anonymous
    Inactive

    So what happens with the non-recognized gain (in excess of boot)? Other comprehensive income? Or not recorded at all?

    TIA

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  • January 21, 2018 at 8:21 pm #1695628
    Anonymous
    Inactive

    the boot is a part of new asset basis according to my notes

    January 21, 2018 at 8:22 pm #1695630
    Anonymous
    Inactive

    oh sorry -you are probably asking for REG, I was thinking in terms of accounting:) Nope, don't remember that;)

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