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ATW525, you may very well find you get an unexpected knock at the door from your good friends at BATFE
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Actually, that's very unlikely. They don't have the manpower to follow up on many multiple handgun sale reports. Add rifles to the mix, and the backlog will be even worse.
For the most part, they review the reports and look at patterns. One guy buying a couple of SKS rifles (or decent handguns) won't set off a warning bell. One guy buying ten sub-$200 pistols will.