Posted: 5/11/2013 6:20:40 AM EDT
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Hey guys,
I posted this over in the carolinas forum but I figured I'd post here in case any of you fine fellas know anything too. Hi guys, I (very very sadly) live up here in NJ. So, I'm not very familiar with how things work down there in SC. Up here my problem would be solved because nobody can have any NFA item at all. I have a buddy down there who had an elderly relative (of sorts...no blood relation but one of those close family friends type deal) who passed away. The guy was a big gun collector and had plenty of weapons. Some of which from what my friend tells me were NFA items. My friend is a legal/valid firearms owner down there already and even has a ccw in SC. The widow wants to gift the guns to my friend and I was wondering if any of you fine gentleman could tell me if that's doable for the NFA's and if you know how that works? I have a rough understanding of how the process works when you want to buy one from an FFL but no clue how the process goes from P2P sales for those types of items. Any help you can give me would be greatly appreciated. Cheers, |
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They first need to transfer on a Form 5 (tax free) from the deceased to the widow. Then the widow transfers them on a Form 4 ($200 per) to your friend.
See here: http://www.atf.gov/press/releases/1999/09/090599-openletter-nfa-estate-transfers.html |
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Quoted:
They first need to transfer on a Form 5 (tax free) from the deceased to the widow. Then the widow transfers them on a Form 4 ($200 per) to your friend. See here: http://www.atf.gov/press/releases/1999/09/090599-openletter-nfa-estate-transfers.html Thank you sir! That's exactly the info I needed. You rock... |