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Its a parts kit and a 80% lower. You can't legally make this work.
I can.
But you could you transfer it on a form 4?
Don't believe so. It would fall under a newly manufactured FA and therefore be a dealer only sample. Which explains why Nonliberal wouldn't want to get involved with it because a post-86 Thompson clone can be had for about $1500 last time I checked, assuming the Class III dealer has a good relationship with his local police chief (can get a signature for it). A few years ago I helped sell a dealer only CZ scorpion and M2 Carbine; they both for less than $1000 each....heartbreaking really when you look at the price of each of those if they're transferrable.