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BIG HOLLOW SCHOOL DISTRICT NO. 38 SALE OF REAL PROPERTY LOCATED AT THE SOUTHEAST CORNER OF ROUTE 12 AND ILLINOIS ROUTE 134, FOX LAKE, ILLINOIS, 60041 BIDDERS INFORMATION PACKETDOCUMENTS INCLUDED IN

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What is sale of real property?

The sale of real property refers to the transfer of ownership of land, buildings, or other real estate assets from one party to another in exchange for monetary consideration.

Who is required to file sale of real property?

Individuals or entities who have sold real property during the tax year are required to file a sale of real property report with the appropriate tax authority.

How to fill out sale of real property?

To fill out a sale of real property report, one must provide details such as the property address, sale price, date of sale, and any other relevant information requested by the tax authority.

What is the purpose of sale of real property?

The purpose of the sale of real property report is to ensure that the appropriate taxes are paid on the capital gains realized from the sale of real estate assets.

What information must be reported on sale of real property?

Information such as the property address, sale price, date of sale, and any capital gains or losses must be reported on the sale of real property form.

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