And, the IRS will be along to make sure they get their cut of the profit.If the feds get wind of a person buying and selling guns for a profit, they are going to nail someone's hide to the barn door if they don't have an FFL.
And, the IRS will be along to make sure they get their cut of the profit.If the feds get wind of a person buying and selling guns for a profit, they are going to nail someone's hide to the barn door if they don't have an FFL.
And, the IRS will be along to make sure they get their cut of the profit.
I thought I read somewhere... 5 transactions per year. Over that and you are considered a dealer and need to ge t the aforementioned FFL. The selling for a profit thing was not part of it. That is what I recall, and that could be bad info. So if you get caught and go to court I will testify to the 5 gun rule, bit only of it helps you and I get one of the guns over 5.
Since this is continuing to stay alive, ATF does have a handy publication to help delineate when it’s interpreted that an FFL is required.
“As a general rule, you will need a license if you repetitively buy and sell firearms with the principal motive of making a profit. In contrast, if you only make occasional sales of firearms from your personal collection, you do not need to be licensed”[\b]