What is form 4

Hawkman · August 30, 2000, 08:22 AM

Guy on rec.guns posted an M11 for sale in Georgia (where I am) "on form 4".

what does that mean?

sorry for the possibly dumb question. Still new at this stuff.

Pete

chetchat · August 30, 2000, 09:34 AM

As I understand it, Form 4 means the NFA item is owned by a private citizen, as opposed to a SOT (Class 3) dealer, who can transfer the item to another dealer without paying for a tax stamp.

To transfer it to another private citizen (outside of the state) would require two transfers for one item, i.e. one transfer to a dealer in the purchaser's state and another transfer to the new owner, necessitating two tax stamp purchases and 2 BATF approvals.

Inside the same state would require only one transfer - to the new owner - one tax stamp and BATF approval.

Again, I'm not positive, being a rookie myself

Go to www.subguns.com and click on "Firearms Laws" for good info on the legalities.

Nick

Hawkman · August 30, 2000, 09:36 AM

That makes sense. Thanks!

Pete

Eric Blair · August 30, 2000, 10:48 AM

chetchat;

You are correct.
Form 4 is owned by a person,
Form 3 is by a SOT.

You do NOT have to Form 4 it to a dealer in your home state, who form 3's it to a dealer in the other state, then form 4 to the end user.

You can form 4 it to any dealer/sot in the US.

Eric

Hawkman · August 31, 2000, 01:53 PM

I am meeting with this guy tomorrow. SWD M11 9mm, sounds like a good deal to me. Let you know how it works out.

August 30, 2000, 08:22 AM	#1
Hawkman Senior Member Join Date: April 19, 2000 Location: Atlanta, GA Posts: 445	Guy on rec.guns posted an M11 for sale in Georgia (where I am) "on form 4". what does that mean? sorry for the possibly dumb question. Still new at this stuff. Pete

August 30, 2000, 09:34 AM	#2
chetchat Member Join Date: November 6, 1999 Location: Miami, FL USA Posts: 73	As I understand it, Form 4 means the NFA item is owned by a private citizen, as opposed to a SOT (Class 3) dealer, who can transfer the item to another dealer without paying for a tax stamp. To transfer it to another private citizen (outside of the state) would require two transfers for one item, i.e. one transfer to a dealer in the purchaser's state and another transfer to the new owner, necessitating two tax stamp purchases and 2 BATF approvals. Inside the same state would require only one transfer - to the new owner - one tax stamp and BATF approval. Again, I'm not positive, being a rookie myself Go to www.subguns.com and click on "Firearms Laws" for good info on the legalities. Nick

August 30, 2000, 09:36 AM	#3
Hawkman Senior Member Join Date: April 19, 2000 Location: Atlanta, GA Posts: 445	That makes sense. Thanks! Pete

August 30, 2000, 10:48 AM	#4
Eric Blair Senior Member Join Date: October 25, 1999 Posts: 101	chetchat; You are correct. Form 4 is owned by a person, Form 3 is by a SOT. You do NOT have to Form 4 it to a dealer in your home state, who form 3's it to a dealer in the other state, then form 4 to the end user. You can form 4 it to any dealer/sot in the US. Eric

August 31, 2000, 01:53 PM	#5
Hawkman Senior Member Join Date: April 19, 2000 Location: Atlanta, GA Posts: 445	I am meeting with this guy tomorrow. SWD M11 9mm, sounds like a good deal to me. Let you know how it works out.