Real Estate
FEATURED ARTICLES
All articles in this category pertain to accounting for the real estate industry. Accounting for real estate involves creating accurate reports and records during the buying and selling processes.
Learn more about real estate accounting below.
Recent articles
Asset Retirement Obligation (ARO) Accounting Example for Real Estate
An asset retirement obligation (ARO) represents the legal commitment to remove certain improvements or modifications to an asset at the end of the asset’s use. The FASB’s ASC 410 Asset Retirement and Environmental Obligations (ASC 410) discusses accounting for AROs....
How Proposed Changes to 1031 Exchanges Could Impact Real Estate Investors
When buying and selling properties, a 1031 exchange is a commonly used tax strategy for real estate investors. A 1031 exchange, also known as a “like-kind exchange” allows investors to roll the profits of real estate transactions into future property purchases while...
How Real Estate and Construction Contractors Can Avoid Overpaying Sales and Use Tax
Whether you’re a real estate broker and independent contractor or a general or sub-contractor working in construction, sales tax for contractors can be complex and difficult to understand. There are many factors that affect taxability, and real estate and construction...