FinCEN issues draft rule on US real estate transaction reporting

Non-financed, that is, 'all-cash' US residential real estate transactions, where the sale or transfer is made to a legal entity or trust, would, with some exemptions, be reportable to FinCEN under a proposed new rule, made public on 7 February.

Non-financed, that is, 'all-cash' US residential real estate transactions, where the sale or transfer is made to a legal entity or trust, would, with some exemptions, be reportable to FinCEN under a proposed new rule, made public on 7 February [2024]. [1]