BATF License Guidlines
 

Thought there would be interest in this!

http://ogca.com/atf100871download.pdf

Bob Jurewicz

That is a VERY good publication that the BATF released. I am sure it will answer a lot of questions and concerns that individuals may have regarding purchases and sales without a license. And then... there will always be those who have an issue with things no matter how plain they are set out for them.

I look at it as this... of course we all like to make a profit when selling items, even from our personal collections, so that is really the only gray area that can be debated over. But... it boils down to the fact that deep down... the individual knows their own true intentions in what they are doing, and if their dealings are looked at as a kind of business or income source for them, then... they best consider getting license. Because if you view it as a business, then the BATF will too.

I protect myself from such matters through a two step process:

1) Seldom sell any gun
2) Always lose money when selling a gun

Over the course of the years I have bought and sold a lot of Parkers with one objective in mind, to enhance my collection, I have had a C&R for years My accountant makes me list the profit or loss from each sale and report it to the IRS even though the money from these activities go directly back to buy higher grade or other guns to add to my collection. I did not like the idea but he said that's the way it should be done, usually it washes out but not all the time, I have had this accountant for 44years, any body else have to do that, let me know Gary

Bob, thank you for the information. It looks like many of us are in the clear as unlicensed collectors. My average period of turnover is from ten to twenty years in most cases. The Lovely Linda seems to be able to do pretty much what she wants with my collection, without an FFL, after she discovers my name in the obituaries.

Bill it will be a looong time before we see your name in the obits my friend "LIve Long and Large" Gary

Yeah, Bill sounds a little like Redd Foxx of Sanford & Son sometimes.

It seems to me one questionable activity is buying a Parker under market price and reselling it soon after purchase at a profit even if the proceeds are used to enhance your collection.
Can you protect yourself by completing the resale by utilizing an FFL even if it is an in state sale?
Has anyone ever asked the BTAF.

well, they do say "livelihood" is a factor

and this may cover this question since it refers to "enhancement"
(wives will need to understand we can only trade up)

federal law explicitly exempts persons “who make
occasional sales, exchanges, or purchases of firearms for the enhancement of a
personal collection or for a hobby, or who sells all or part of his personal collection
of firearms.”

but then there is that one may be all it takes comment - gotcha either way

Selling one gun for a bit more than you paid seems like a "no problem" for the ATF.