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yes that is correct. if you are 18 or older u can legally be given or sold to you, a handgun from a non dealer such as you dad or anybody from the state you live in.
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NOT in CALIFORNIA! All private transactions must go through an FFL in California! Your dad can "loan" you "his" gun, and then when you are 21 you can buy "his" gun.
Wait a minute... I take that back.... I think there is an exception for immediate family members: parent to child. Hold on... going looking.