Hoping to get some input on transferring an AR-15 rifle to my wife's Grandpa. Heres the situation. A few days ago (just after Obama went on TV talking about gun control) I was over at my wife's grandparents house and we were discussing the issues around assault rifles and the second amendment in general. I had just recently purchased a MP-1522 and had plans to get a .223 AR before things went crazy with stock/prices. I was telling him how I had hoped to be able to afford an AR15 before any possible ban would go through. He is a gun owner and NRA member as well and fully supports the right to bear arms. He was asking me how much one would cost and I explained the prices were jumping up and availability was dwindling.

To my surprise, he gave me a check and said "Go out and get yourself one." I told him i would pay him back. I went and cashed the check and with money in hand started calling all around. We have five local gun stores and I knew it was probably going to be impossible to find one. But, my last phone call, the gun store told me they had two on consignment. I asked them to hold them back till I got off work to look at them. When I got there, one was a MP15 and the other a Bushmaster. This local store had elevated prices but were not gouging. Knowing I had enough to buy both, I purchased both rifles and completed the FFL background check and left with the two rifles and some ammo.

Fast forward a week. After checking out both rifles I decided I only wanted to keep one.(and the wife only wanted me to keep one) The MP15. I asked if her grandfather would be interested in the other. He said sure. Here is where my question is.

However, I want the transfer to be 100% legal. Do I;

A. Just transfer the rifle to him with a simple bill of sale/gift receipt.

B. Take him to the local gun store and do a FFL transfer.

Although he fully gifted the money to me to by the rifles, me simply transferring the gun to him might be looked upon as a "straw sale"? I just want to make sure we go about it the right way. Both rifles are still in my possession and will remain as such until I find the best way to go about this.

Just hand it to him and then shake hands.

This.

Thanks for the input. So the consensus seems to be, just give it to him?

This, if you live in the same state.

Also give home the M&P if it is an M&P Sport.

It's not a federal issue since you are both residents of the same state. I don't think Indiana cares about long guns, so you can just give it to him if you want. It is not a straw purchase. You were the intended recipient, then you decided to give it to him.

Thanks guys for the input. I have convinced the wife to let me keep both guns. Yah! Two AR's for me.