RESOURCES HUB video-clip Real estate transfers to LLCs and trusts may be subject to reporting requirements
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  • Consumer

Real estate transfers to LLCs and trusts may be subject to reporting requirements

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FinCEN enacted a Rule effective March 1, 2026 requiring that transfers of residential real estate to LLCs and other entities and certain trusts must be reported. The rules are complex and not intuitive. Penalties for failing to comply can be very costly and include jail time.

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