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FIRST BIMESTER1 REA: INGLS Profesora: Alicia Pacherrez O.SECOND BIMONTHLY1FIRST BIMESTERContents UNIT 3: NOUNS ............................................................................................................................................................

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What is rea ingls?

REA ingls stands for Real Estate Acquisition and Investment Gains and Losses Statement, a form used to report gains and losses from real estate transactions.

Who is required to file rea ingls?

Individuals or entities that have engaged in real estate transactions involving sales, exchanges, or rentals are required to file REA ingls.

How to fill out rea ingls?

To fill out REA ingls, gather all relevant transaction information, complete each section with details about acquisitions and disposals, and ensure all numeric calculations are accurate before submission.

What is the purpose of rea ingls?

The purpose of REA ingls is to provide a transparent report of real estate investment activities, ensuring compliance with tax regulations and facilitating accurate tax assessments.

What information must be reported on rea ingls?

Information that must be reported includes property descriptions, acquisition dates, disposal dates, sales prices, costs of improvements, and any related gains or losses.

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