Sec+1031+Exchange+of+property+held+for+productive+use+or+investment.

1031(a) Nonrecognition of gain or loss from exchanges solely in kind. - Must be property held for productive use or in trade or business or for investment. 1031 does not apply to: - Stock in trade or other property held primarily for sale - Stocks, Bonds or Notes - Other Securities or evidences of indebtedness or interest. - Interests in a partnership - Certificates of Trust - Choses in action.