What is Boot?

What is Boot?

In tax terminology, boot refers to any property or cash received by the taxpayer that is not of a "like-kind" to the property being exchanged in an IRC 1031 exchange. This non-like-kind property can take various forms, including cash, relief of debt, personal...

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The Indispensability of Risk

The Indispensability of Risk

This week we have a memo from Howard Marks of Oaktree Capital written to Oaktree clients on The Indispensability of Risk Oftentimes, we’re best able to understand something we’re interested in through analogies that clarify the matter by establishing connections...

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