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Illinois Department of RevenuePTAX280ATentative Abstract of
2013 Assessments Champaign
___County6 of ___
31
Page ___Compromise
___TownshipPart 1 Complete the following information
Real estates
codesAcresNo.
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What is real estate professions?
Real estate professions refer to the various careers and roles within the real estate industry, such as real estate agents, brokers, appraisers, and property managers.
Who is required to file real estate professions?
Real estate professionals who earn income from real estate activities are required to file real estate professions.
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What is the purpose of real estate professions?
The purpose of real estate professions is to report income earned from real estate activities, track expenses related to those activities, and ensure compliance with tax regulations.
What information must be reported on real estate professions?
Information such as income earned from real estate activities, expenses incurred, deductions claimed, and any other relevant financial details must be reported on real estate professions.
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