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SBR's, AOW's, Suppressors, MG's etc.

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Discussion or advice on how to create an Illegal NFA item will result in an immediate ban. No advice given within should replace user due diligence. Always consult a lawyer / professional.
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transfer from trust to individual?

Wed Dec 30, 2020 8:03 am

I have 2 SBR lowers that I registered to a trust because that was the easier way to get it done at the time. Since then, I have purchased a suppressor as an individual, and I'm about to purchase another. I don't really feel I need the trust anymore. Can I transfer those receivers to myself, and if I do, will I have to pay $200 a pop to do so?

thanks

Re: transfer from trust to individual?

Wed Dec 30, 2020 8:21 am

yup $200 per. so thats $400.

Re: transfer from trust to individual?

Wed Dec 30, 2020 8:24 am

Oxblood wrote:Can I transfer those receivers to myself


Yep. Form 4 transfer.

Oxblood wrote:and if I do, will I have to pay $200 a pop to do so?


Yep. The NFA weapon is being transferred to a new entity. That's a form 4 transfer, and it's $200. Even if you are the only RP on the trust, you aren't the owner. The trust is.

There might be a fringe case somewhere where a trust was dissolved and somebody got a pass on the tax, but it isn't a method I've ever heard of.

Re: transfer from trust to individual?

Wed Dec 30, 2020 9:06 am

ok. kind of figured it would be that way. I guess I'll keep the trust. I should probably amend it to remove my ex, though...
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