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NFA trust question

Discussion in 'NFA & Class III Discussion' started by angsniper, Feb 14, 2010.

  1. angsniper

    angsniper Sharpshooter

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    If you have a class 3 item in your own name, would you have to pay another $200 to have it moved to a trust? Would that be a "transfer" even though it still remains with the same person?
    Thanks
     
  2. CAR-AR-M16

    CAR-AR-M16 Sharpshooter

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    Yes, it would be a transfer and require a $200 tax. It is transfering from an individual to another entity. The fact that it is from you to your trust does not matter.
     
  3. angsniper

    angsniper Sharpshooter

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    Thanks
     

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