FFL Self Dealing Question

[sig228]

If I became an FFL, could I transfer a gun to myself for personal use? Buy a gun, have it shipped to me, put it in my own FFL book, not consider it inventory or held for resale?

BTW, I'm sure there are a lot of FFL's who treat their entire inventory as "personal use" but that's a different topic...

 

[dogtown tom]

sig228 If I became an FFL, could I transfer a gun to myself for personal use? Buy a gun, have it shipped to me, put it in my own FFL book, not consider it inventory or held for resale?

BTW, I'm sure there are a lot of FFL's who treat their entire inventory as "personal use" but that's a different topic...

If the licensee is a sole proprietor, you just log the disposition out to yourself.
If the licensee is a corporation, LLC, etc, you would need to complete a 4473 & NICS before logging the gun out to yourself.

 

[Birch Knoll]

^ This.

 

[Bubba613]

Shockingly once you start dealing in them you lose the desire to shoot every gun in inventory.

 

[jay21]

^^I still have the desire, just not the ammo or time. have had a few of my favorites come through and didn't even realize i want to shoot it until the customer walks out the door.

 

[CoRoMo]

I wonder what a sole proprietor FFL has to do when he's given a firearm as a gift. Hmm? Book or no book?

 

[sig228]

^^I still have the desire, just not the ammo or time. have had a few of my favorites come through and didn't even realize i want to shoot it until the customer walks out the door.

So you are saying that my "new" gun is not necessarily "new" when I pick it up? Is this a common practice?

 

[HardKnox]

i was under the impression that almost all guns are test fired before we recieve them anyway. how is an ffl putting a couple rounds downrange any different?

 

[Psa1m144]

If the licensee is a sole proprietor, you just log the disposition out to yourself.
If the licensee is a corporation, LLC, etc, you would need to complete a 4473 & NICS before logging the gun out to yourself.

I believe there is also a special tax that you have to pay on the item if you purchased it with your FFL discount.... I think it's the "Use Tax" could be wrong...

 

[jay21]

So you are saying that my "new" gun is not necessarily "new" when I pick it up? Is this a common practice?

If i use it at the range it is disclosed to the buyer...in my experience the practice or putting lots of rounds and it not being said or noticed would be rare. The exception is custom builds, mine normally get 100 rounds through them as a function check that is my standard. You can always shoot it later or order more

 

[sig228]

i was under the impression that almost all guns are test fired before we recieve them anyway. how is an ffl putting a couple rounds downrange any different?

Here's how: I recently ordered an NAA PUG. Factory test fire, no problem. But when I picked up the gun the timing was off and there were gouges in the cylinder. It MIGHT have left the factory that way, but it probably happened because someone who is not familiar with the dissassembly of an NAA mini was monkeying around with it.

 

[dogtown tom]

Psa1m144

Quote:
If the licensee is a sole proprietor, you just log the disposition out to yourself.
If the licensee is a corporation, LLC, etc, you would need to complete a 4473 & NICS before logging the gun out to yourself.

I believe there is also a special tax that you have to pay on the item if you purchased it with your FFL discount.... I think it's the "Use Tax" could be wrong...

Only in states that have a sales tax. It hasnothing to do with any "FFL discount".

 

[dogtown tom]

HardKnox i was under the impression that almost all guns are test fired before we recieve them anyway. how is an ffl putting a couple rounds downrange any different?

Its unethical for one.

While the factory may have "test fired" it an unknown # of times.....thats how it left the factory.

A Dealer "test firing" a gun and selling it as "factory new"......thats fraud. If he is honest with his customers and tells them he couldnt help himself from monkeying around with his inventory....no problem.