Ok. In typical ATF fashion this whole thing is clear as mud
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ODT Gun Show this Saturday! - Click here for info and tickets!
Did I just discover the tax exempt form 1 trap? Is this some sneaky BS?
- Thread starter GeorgiaShooter
- Start date
If you go by the rule and the FAQs so far, unless you added a braced pistol to a trust before the rule went into effect (and have notarized proof) you can't do one of the 'free' form 1s and have the trust as the owner. It has to be done as an individual.
If you later want to transfer that 'free' form 1 gun to a trust I believe it will take a 'regular' form 1 and a $200 fee to transfer, just like any other NFA SBR transfer. You would also have to follow the regular rules like adding the appropriate markings to it I'm thinking, since now you are back in the regular process.
If you later want to transfer that 'free' form 1 gun to a trust I believe it will take a 'regular' form 1 and a $200 fee to transfer, just like any other NFA SBR transfer. You would also have to follow the regular rules like adding the appropriate markings to it I'm thinking, since now you are back in the regular process.
Funny how the videos and FAQs a S Shop demonstrate adding your trust to the purchase of the 50$ form1. And to make matters more confusing their documents review is emailing me for copies of my trust on this pistol before docusign. I'll call S Shop Monday and get their version since their FAQ and videos are so confusing and I would argue misleading. Granted this is very confusing for a person who just shoots guns and buys them legally. I'm guessing 30m people out there will just not bother to register theirs and I understand their standpoint. No effort to be legal goes unpunished.
When the director couldnt even list out how the process worked under testimony this week that should paint a real clear picture on how crystal clear the process is ....clear as the Chattahoochee
From ATF FAQ regarding the brace rule:
12. Once the firearm is registered as a short-barreled rifle (SBR) can I remove/change the
"stabilizing brace" or attach an item marketed as a stock? If so, am I required to notify ATF in advance?
• Yes, the firearm is registered as an SBR, and you can change out the "brace" device or stock for a different brace or stock. You do not need to contact ATF/NFA because changing the brace/stock does not change the configuration of the SBR. However, if the length of the firearm has changed you will need to notify the NFA Division. Final Note: The SBR is not
"registered" until an approved Form 1 is received from NFA. The brace cannot be substituted/replaced until that time.
Well maybe I just need to read more lolol
With “all due respect” I’m a lying piece of **** me speaker!! What a ****ing tool!!
Congressman Matt Gaetz Grills ATF Director Steven Dettelbach
In a heated exchange, Congressman Gaetz questioned ATF Director Dettelbach about the agency's loss of firearms & non-compliance with regulations.
www.ammoland.com
