Dylan Johnson is presenting 2-hour CE course, In-Depth Look at 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, for the North Oakland County Board of Realtors. This is part of a monthly presentation Dylan conducts with NOCBOR.