Armory Sponsor
Posted: 8/20/2010 10:06:23 AM EDT
| received amswer, thx |
|
Out of state transfer
transfer it to a form 3 pay $200 wait 4-5 months advertise it for sale (you can advertise while you wait for your form 3) You can also wait until it sells and then do the form 4 to form 3 and try to get buyer to pay bot $200 taxes ship to buyer's sot/ffl keep your can or sell in state I believe in state transfer requres only the buyer (or someone) to pay the single transfer tax |
|
Sadly, unless you have a rare or custom can- you are kinda screwed. The only real chance of a sale is to an instate buyer. I would not pay $400 in tax stamps plus $300 for your can when I can pay around the same for a brand new one. Instate= that is a horse of another color. One tax stamp... that would be ok.
|
|
Quoted: Out of state transfer transfer it to a form 3 pay $200 wait 4-5 months advertise it for sale (you can advertise while you wait for your form 3) You can also wait until it sells and then do the form 4 to form 3 and try to get buyer to pay bot $200 taxes ship to buyer's sot/ffl keep your can or sell in state I believe in state transfer requres only the buyer (or someone) to pay the single transfer tax It would transfer to the out of state SOT on a Form 4, but otherwise correct. (Form 3s are not subjected to the $200 tax) |
Armory Sponsor