A recent federal court decision out of Texas just handed real estate investors a significant win, striking down the Treasury Department’s FinCEN rule that would have required nationwide reporting of many all-cash residential real estate transactions.
In Flowers Title Companies, LLC v. U.S. Treasury, the court vacated the 2024 FinCEN rule that targeted non-financed residential real estate transfers involving entities and trusts. The rule, which had taken effect December 1, 2025, would have required reporting on an estimated 800,000 to 850,000 transactions annually, with compliance costs projected between $428 million and $690 million in the first year alone.
