TomJ
Contributing Member
I saw an older thread on this but thought I'd ask. I've done quite a bit of gun trading lately, mostly selling through Armslist and buying new guns. I have not profitted at all, and each transaction has cost me some money. One of our LGS' mentioned that the ATF released information stating that if you buy 5 guns and sell them in less than a year you're required to get an FFL, with fines and jail time possible. I did read the statute and my understanding is that the test is whether you're in the business of selling guns and buying and selling for your personal collection is fine. This sounds like some of the nonsense that you hear in LGS' but I thought I'd ask. I did check with another LGS and they're telling me this is not true.