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No. Only those items that you buy with the license need to be recorded in the book. If you already had a large collection of C&R firearms these would not be listed in the book. However, if you use your license to sell a firearm that you owned before getting your license the sale would have to put it in your book. The book should show all C&R firearms you buy and sell when you have your license which is not necessarily all that you own.
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