The holding period for boot in a like-kind exchange begins on the date of the exchange.

Name: The holding period for boot in a like-kind exchange begins on the date of the exchange.
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Quizplus · Accepted Answer

In a like-kind exchange, the holding period for the boot (additional property or cash added to even out the exchange) begins on the date of the exchange, as it becomes part of the overall transaction and its holding period is considered to have started at the same time as the exchanged property.

The Holding Period for Boot in a Like-Kind Exchange Begins