To Have and Hold for Investment Under Section 1031

Oregon Department of Revenue v. Marks, Or. Tax (2009) http://www.ojd.state.or.us/tax/taxdocs.nsf/ Internal Revenue Code Section 1031(a)(1) provides that “[n]o gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanges solely for property of like-kind to be held either [...]