1031 Exchange Boot and subsequent deduction for rental property renovation

[Johndavid7]

If I complete a 1031 exchange, but take out $5000 boot, then in the same year put that $5000 into renovations on the replacement rental property, does the tax on the boot and the deduction for the renovations wash and zero out any tax liability?

[Anonymous]

the boot is always taxable to the extent there is gain.   if the renovations qualified as repairs or met the de minimus exception and deducted the net income would be zero.