So I know the trust Is likely the better option long term but is it possible to buy as and individual then set up a trust and transfer later?
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Originally posted by duckhunter175 View PostYes but I believe you have to pay for another stamp and wait for the approval again.
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Originally posted by drwilliams View PostGoing through this now. Set up mine as individual then going to do another to put my family and everyone on one trust.. You have to wait for the approval again but you get to keep the silencer and keep using it.
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Originally posted by Larryf250 View PostThank you.
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Originally posted by drwilliams View PostGoing through this now. Set up mine as individual then going to do another to put my family and everyone on one trust.. You have to wait for the approval again but you get to keep the silencer and keep using it.
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Be very careful with how everyone is named in the trust. If you give them the wrong responsibility then you’ll have to get them all to sign paperwork for every Nfa item you add to the trust in the future
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Originally posted by duckmanep View Postwhy not go trust in the beginning if you know that is what you want?
If you go individual, you would then need to do another form 4 and pay another $200 to transfer it from individual to trust.
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Originally posted by Larryf250 View PostTime. The trust approval can take over a year whereas I’ve seen / heard individual taking a few months.
Buying an NFA item is not something that you can rush. It's a total crap shoot as to how long it takes to process no matter if it's trust or individual.
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I bought one from a local dealer recently through a local dealer who had a Silencer Shop kiosk and went the trust route. Am I correct in thinking that the below data doesn’t show current times for how I bought mine? I don’t see F4 Trust E-File. I’m planning on a year but was just curious.
I wonder what happens if they ban them prior to you receiving your tax stamp. I guess we’ll be out $1200-$1500??
Sent from my iPhone using TapatalkLast edited by 175gr7.62; 01-11-2021, 07:32 PM.
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