Slimmy
Yep.
Seems like I don't even need to finalize my trust now based on that Q&A wording, gonna have to register both mine as an individual, then transfer to a trust later.
Scoob_13
Hello Nice FBI Lady
Well the original isn't in my trust, and according that link above...that's not feasible. So I'll still get to pay for the stamp, which big whoop.
PanzerAce
OT Supporter
- Feb 25, 2006
- 9,390
In fairness, if it didn't take a year + to get an SBR and if every state allowed them people would just do that.
PanzerAce
OT Supporter
- Feb 25, 2006
- 9,390
definitely don't lie about when you transfered them to the trust.
Also, given that there's never previously been a rule about showing what guns are in a trust, it likely will just be a "Has to have been owned prior to x date".
But IDK,
Says you have to show it was owned by the trust prior to the publish date in the federal register. All my lowers are being transferred to my trust today.
PanzerAce
OT Supporter
- Feb 25, 2006
- 9,390
"Dear ATF, I promise these were owned by the trust, signed, Big Dick Chuck"
Scoob_13
Hello Nice FBI Lady
The AP5 I've had in my possession for a while - first form 1 failed because of how I referenced the manufacturer, and I haven't redone it yet. Was waiting until I did my EOY bonus to do them at the same time.
And this lower is the EOY splurge so I was just going to submit both again now, plus buy another can and that wait will start this weekend, I guess? Need to find the one I want in stock and that's proving difficult.
Either way I have waits for all of these things, so I'm not in a rush. I just want it all done legally. Don't gaf about the stamp cost or whatever, but would really love the wait times to drop but that's not going to happen.
bearsdidit
Well-Known Member
SD CCW finally arrived this week. In reality, it took about 5 months between getting an interview and getting the final approval. Far from ideal but decent by CA standards.
$200 tax per item to transfer to a trust. Register them to the trust the first time if that's what you want to do.
Slimmy
Yep.
Well, per the rule, the firearm would have to be registered to the trust prior to today, and since I don't even have my trust established yet...
Pro tip: they ain't asking for purchase receipts. Make up an Excel spreadsheet with some arbitrary dates from the before times. Fuck these losers.
Some people just ain't creative and completely lack any hustle and it shows. Y'all mf reporting out of state purchases on your taxes too? Smh
Slimmy
Yep.
The separate link they reference to register for the rule isn't even on the EForms page yet.
PanzerAce
OT Supporter
- Feb 25, 2006
- 9,390
PanzerAce
OT Supporter
- Feb 25, 2006
- 9,390
YES SIR IRS I PAY TAXES ON EVERY OUT OF STATE PURCHASE AT TIME OF PURCHASE SO I DON'T NEED TO PAY ANY TAXES NOW.
BLKDVLGSX
Well-Known Member
No, prior to final publishing in the federal register. That hasn’t happened yet.
Scoob_13
Hello Nice FBI Lady
Slimmy
Yep.
I just pulled up my trust paperwork, looks like I had a random Aero lower on it for the initial contribution, guess I'd just need to get that notarized then do another assignment amendment for my two "SBRs".Or change my initial contribution page to include those two to make it easier, need to play with Adobe for that.
The verbage isn't even in effect as of today so I mean okay go get told you're being a hoe by someone else who cares
PanzerAce
OT Supporter
- Feb 25, 2006
- 9,390
Once the rule is published you'll have 120 days to not have a brace on your pistol. During that time if you want/it's legal in your state you'll be able to file a Form 1 without the usual $200 tax by filling out the form through a specific webportal that doesn't work yet.
Assuming the courts don't get involved.
So you are saying free form1s then? I am into that if it gets approved quick. I am pretty sure I have some spare lowers around.
Slimmy
Yep.
Just re-did my trust, and generated the assignment sheet, and have an appointment to get it all notarized tomorrow at the UPS store. 