This course goes into detail about how to understand financial statements and the different types of income and expenses. It then identifies important concepts in accounting and taxation that relate directly to real estate like, passive activity rules, depreciation, cost segregation, depreciation recapture and gain or loss on sale. It also gives a detailed description of 1031 Tax-deferred Exchanges and identifies the various IRS forms used to report these activities. *This course is approved for 3 hours of continuing education credit in Utah.NAREA members (CCA Members and Associate Members) get discounts on these courses. If you are already a member, be sure to login to see your discounted price. If you aren’t already a member of NAREA, you can become an Associate Member for $99/year.