Real Estate Accountant - An accountant who has specific experience and competency in the area of Real Estate accounting.

Some of the areas that this type of accountant will have competency in are as follows:

Accounting for multiple unit rental property, allocation of expenses between owner and tenant occupied units, meeting requirements for the 1031 like kind exchange and accounting for this transaction, personal residence exclusion, real estate depreciation rules, applying real estate losses to other income, rules regarding when a person can be considered a real estate professional, basis calculations on all types of property, land and building allocation.

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