PD Trade in questions

bbcode3 · February 26, 2005, 10:26 PM

I just had a local Sheriffs office approach me wanting to trade a M14 for new equipment (not necessarily new class III firearms). Problem is they cant find the paperwork. My questions are:

1) do you have to be a class 3/SOT to do this kind of transaction?
2) If no, how do I find out if these are transferable?
3) If they are transferable, is the $200 tax still applicable since it is coming from a dept?

I appreciate all responses...

thelast2 · February 27, 2005, 01:17 AM

I take it this M14 is a class 3 weapon? If it is I would check the with ATF on the regulations as im almost 100% sure you have to have a class 3 dealers liscense, or pay the 200 tax and fill out the forms to take possesion of the weapon yourself. If you can get in touch with a guy named shaggy, he seems to have quite a bit of insight on class 3 stuff.

shaggy · February 27, 2005, 04:01 PM

You gotta have them find the paperwork if its a machinegun.

If not, they'll have to contact BATFE and find out its status for you. It could very well be the gun is transferable - in which case it could transfer to you as a non-FFL/SOT and be worth quite a bit of cash ($9k to over $16k depending on various factors) though a transfer tax would be due. OTOH, it could be registered on a form 10, which if I recall correctly, cannot be transfered out to anyone but a FFL/SOT (with a demo letter) and would not be transferable.

bbcode3 · February 28, 2005, 12:15 AM

Thanks for that bit of info....I do however have another question regarding that...

IF it has never been papered at all.....can they register it on form 10. Form 5 would be out of the question since it is after '86, right? IF that is the case does that make it a pre-86 dealer sample since it was manufactured pre'86???

PMDW · February 28, 2005, 01:38 AM

If it's registered after 86, it's a post-86 dealer sample, and you still can't have it.

February 26, 2005, 10:26 PM	#1
bbcode3 Member Join Date: February 15, 2005 Location: Oklahoma City, OK Posts: 18	PD Trade in questions I just had a local Sheriffs office approach me wanting to trade a M14 for new equipment (not necessarily new class III firearms). Problem is they cant find the paperwork. My questions are: 1) do you have to be a class 3/SOT to do this kind of transaction? 2) If no, how do I find out if these are transferable? 3) If they are transferable, is the $200 tax still applicable since it is coming from a dept? I appreciate all responses...

February 27, 2005, 01:17 AM	#2
thelast2 Senior Member Join Date: February 6, 2005 Location: Eagle River, Alaska Posts: 118	I take it this M14 is a class 3 weapon? If it is I would check the with ATF on the regulations as im almost 100% sure you have to have a class 3 dealers liscense, or pay the 200 tax and fill out the forms to take possesion of the weapon yourself. If you can get in touch with a guy named shaggy, he seems to have quite a bit of insight on class 3 stuff. __________________ "Genius Has Limitations, Stupidity Does Not" Last edited by thelast2; February 27, 2005 at 03:27 AM.

February 27, 2005, 04:01 PM	#3
shaggy Senior Member Join Date: October 9, 2004 Posts: 1,519	You gotta have them find the paperwork if its a machinegun. If not, they'll have to contact BATFE and find out its status for you. It could very well be the gun is transferable - in which case it could transfer to you as a non-FFL/SOT and be worth quite a bit of cash ($9k to over $16k depending on various factors) though a transfer tax would be due. OTOH, it could be registered on a form 10, which if I recall correctly, cannot be transfered out to anyone but a FFL/SOT (with a demo letter) and would not be transferable.

February 28, 2005, 12:15 AM	#4
bbcode3 Member Join Date: February 15, 2005 Location: Oklahoma City, OK Posts: 18	Thanks for that bit of info....I do however have another question regarding that... IF it has never been papered at all.....can they register it on form 10. Form 5 would be out of the question since it is after '86, right? IF that is the case does that make it a pre-86 dealer sample since it was manufactured pre'86???

February 28, 2005, 01:38 AM	#5
PMDW Member Join Date: September 14, 2004 Posts: 39	If it's registered after 86, it's a post-86 dealer sample, and you still can't have it.