Accruit Private Client Group (PCG) is a proud sponsor of the FactRight Due Diligence Conference. Dave Tornell and Steve Holtkamp look forward to attending the conference and discussing Internal Revenue Code Section 1031 states that "no 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 exchanged solely for property of like kind which is to be held for productive use in a trade or business or for investment." 1031 Exchange s as a tax deferral strategy. PCG offers a suite of 1031 Qualified Intermediary services designed for high-net-worth clientele and institutional investors. PCG clients can expect a high-touch level of service they won't find elsewhere in the exchange industry.