Can you use some of the proceeds from a 1031 exchange on a rental residentials bldg. to pay off a parent plus student loan with no tax being charged to taxpayer.

[sjrcpa · Accepted solution]

No. That would be boot. Gain to the extent of boot received is recognized.

[IRonMaN]

Not exactly a like kind transfer if you get cash :smile:

[Marc-TaxMan]

Boot is taxable.