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Discussion in 'NFA & Class III Discussion' started by Rimfire, Nov 19, 2012.
let's hope they do away with that.
Mike Chlober in Shawnee sets up NFA trusts, but why not just register them in the name of a corporation?
Before and/or after death? That letter seems to only deal with estates. Am I misunderstanding your statement? It sounds to me that you are saying I can roll my current NFA items I own individually to a trust with a Form 5 tax free. I thought they had to transfer with a Form 4 and the appropriate tax (in my case $200 ea).
Is there contact ingot for sports world? Or a website?
The executor of your estate can transfer your individually owned NFA items to your lawful heir (another individual or trust) on a tax free form 5 AFTER YOUR DEATH. If you want to move them from you to a trust while you are still alive you will have to transfer them on tax paid form 4's.
We are on the same page then! That is the way I thought it was.