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| transfer from trust to individual? https://www.waguns.org/viewtopic.php?f=41&t=116381 |
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| Author: | Oxblood [ Wed Dec 30, 2020 7:03 am ] |
| Post subject: | transfer from trust to individual? |
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 |
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| Author: | mash man [ Wed Dec 30, 2020 7:21 am ] |
| Post subject: | Re: transfer from trust to individual? |
yup $200 per. so thats $400. |
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| Author: | Pvanderzee [ Wed Dec 30, 2020 7:24 am ] |
| Post subject: | Re: transfer from trust to individual? |
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. |
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| Author: | Oxblood [ Wed Dec 30, 2020 8:06 am ] |
| Post subject: | Re: transfer from trust to individual? |
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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