1031 tax free exchange?

[Bird Legs]

Corp. A is a majority partner in a partnership which owns land. My client is a minority partner in the partnership. Corp. A wants to buy my clients interest in the partnership.
Question: If my client takes Class B stock in corp. A in exchange for his partnership interest in the land, would this qualify for a sect. 1031 tax free exchange?
Or would tax have to be paid on any gain?
Thanks.

[Bees Knees]

Section 1031(a)(2)(D) says the nonrecognition of gain rules do not apply to an exchange of a partnership interest.

[jainen]

Like-kind rules

Like-kind rules for intangibles are not as wide-open as for real estate. You have to match the specific rights being traded. In any case, corporate stock is never eligible for 1031 treatment.

[Bird Legs]

Thanks

to both of you for your response.