Real Estate Accounting and Tax

Catalog description

This course reviews fundamental accounting and tax concepts, rules and regulations as applied to income-producing residential and commercial real estate markets. By the end of the course, students will be able to: Use the accrual and cash methods to record real estate entity economic events, Understand the financial statements of property owners and developers, Understand the impact of income taxes on the purchase and sale of real estate, Understand various methods to mitigate the tax burden upon the sale of real property.