CCA 107: Accounting & Taxation of Commercial Real Estate (Certified Commercial Advisor Series)


Accounting & Taxation of Commercial Real Estate is the seventh manual in a series of twelve courses required to obtain the Certified Commercial Advisor (CCA) designation presented by the National Association of Real Estate Advisors (NAREA). These twelve courses teach real estate professionals and others how to identify, broker , list, sell, lease, market, finance, analyze, value, account for,  manage, and invest in commercial real estate.


Product Description

This manual is organized into seven sections each relating to accounting and taxation of commercial real estate:

  • Section One addresses the different types of income and expenses reflected on financial statements and tax returns.
  • Section Two discusses the passive activity rules found in Internal Revenue Service Publication 925 as they relate to real estate.
  • Section Three reviews the basics of financial statements.
  • Section Four presents the concept of depreciation and its impact on net income.
  • Section Five introduces the depreciation method of cost segregation as it relates to real estate and the requirement of depreciation recapture when calculating gain on sale.
  • Section Six illustrates the various components involved to derive gain on sale and how it is calculated
  • Section Seven reviews the requirements of handling a tax-deferred exchange of a real estate property under Section 1031 of the United States Internal Revenue Code.