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Old October 6, 2013, 03:19 PM   #4
rjrivero
Senior Member
 
Join Date: November 17, 2008
Location: NW Ohio
Posts: 1,399
Go get your NFA item. Then submit the paperwork and wait. Or sign up at www.atfonline.gov and do the "paperwork" electronically.

The subsequent items take just as long as the original.

Get what you want before the required CLEO sign off comes through for Trusts/LLC/Corps.

If you "believe" such change is coming.


My understanding is that you can list the NFA item in the trust once the trust owns it, but you can't take possession of it until the transfer tax stamp comes in. I thought folks listed the item in their schedule A once they have the receipt that shows it is paid for. At that point, I *thought* the trust owned the property even though the trust couldn't take possession of it until the stamp gets approved.

I could be wrong, so I'm interested to read other's comments. How did you do your trust's schedule A? Did you list your item before you got your transfer tax stamp, or did you list it after you got your transfer tax stamp?
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