Abstract: Earnings management based on the perspective of manoeuvrable non-taxable profit and loss can moderately avoid the income tax expenses. As a comprehensive industry, the real estate industry's earnings management tax avoidance behavior is worth studying. The article takes real estate listed companies in 2012—2016, the profit and loss of manoeuvrable non-taxable items, operating surplus, and actual income tax rate as research variables to analyze the real estate industry's tax avoidance level through earnings management of non-axable profits and losses.The empirical evidence shows that the degree of tax avoidance in the real estate industry's earnings management is limited, and there is only a strong incentive to avoid tax costs in high-tax companies.