Reply to Thread

Message

<blockquote data-quote="kingfish" data-source="post: 3889155" data-attributes="member: 50496">Ok so suppressor 1 is still on the books of your friends license.&nbsp; Then all you have to do is have him help you fill out a form 4 under the name of your trust you have already established for the second can purchase and send it in.&nbsp; It doesn&#039;t matter what name he put on the receipt when he sold it to you.&nbsp; It still technically belongs to him whether money has exchanged hands or not until a form 4 is approved and a tax stamp is received.&nbsp; Then he can transfer it to you.&nbsp; Then you simply add the newly received suppressor to your Schedule 1 trust holdings document and share the amended form with all your trustees.I am a little concerned that your friend that has his license can&#039;t explain this to you.&nbsp; He really needs to know his chit when dealing with class 3 items or he will get his a$$ thrown into the Ironbar Hotel.&nbsp; He would have had to have the suppressor transferred to him via a form 3.&nbsp; As a business owner and class 3 licensee, selling an NFA item via a form 4 to a buyer is one of the simplest things he will have to do paperwork wise.</blockquote>

[QUOTE="kingfish, post: 3889155, member: 50496"] Ok so suppressor 1 is still on the books of your friends license. Then all you have to do is have him help you fill out a form 4 under the name of your trust you have already established for the second can purchase and send it in. It doesn't matter what name he put on the receipt when he sold it to you. It still technically belongs to him whether money has exchanged hands or not until a form 4 is approved and a tax stamp is received. Then he can transfer it to you. Then you simply add the newly received suppressor to your Schedule 1 trust holdings document and share the amended form with all your trustees. I am a little concerned that your friend that has his license can't explain this to you. He really needs to know his chit when dealing with class 3 items or he will get his a$$ thrown into the Ironbar Hotel. He would have had to have the suppressor transferred to him via a form 3. As a business owner and class 3 licensee, selling an NFA item via a form 4 to a buyer is one of the simplest things he will have to do paperwork wise. [/QUOTE]

Verification