I want to buy a house in the United States. Who knows the details of the US 103 1?

Clause 103 1 (103 1 exchange), also known as "1031property exchange" or "similar property transaction", comes from the US National Tax CodeNo.103. Under the definition of legal provisions, this exchange means "if the exchanged real estate is used for commercial purposes or investment, and is used for exchanging similar assets, then the gains and losses of assets in the exchange process will not be recognized, that is, there is no need to pay the asset gains tax generated in the process." In other words, this law can be used as long as the seller buys a property with higher value or equivalent value after selling the original property and uses it for investment.

The provisions of this clause mainly show that the American investment immigration project failed to recover funds from Shandong immigrants and handle the American investment immigration project of Qingdao American Immigration Company.

Real estate transactions must be used for commercial purposes or investment.

The seller shall determine one or more alternative properties within 45 days after the sale of the property.

Purchase the replacement property within 180 days after the sale (when the seller cannot determine or purchase the replacement property within the specified time, reverse exchange is also a common exchange method, that is, the seller buys the replacement property first and then sells the original property. )

The replacement attribute must be equal to or higher than the original attribute.

It is worth noting that in practice, the 103 1 clause will have different constraints and restrictions, and it will also be used in different ways, depending on the specific situation.