The Firing Line Forums - View Single Post - The ACTUAL Impact of Health Care Reform on Gun Owners

RDak · March 30, 2010, 03:30 AM

If you purchased it, you'd need an invoice. If you have lost the invoice, the best you could do is try and get an advertisement, catalog, etc., showing how much it cost the year you got it.

If inherited, get the fair market value at the time of inheritance. Use a catalog, advertisement, etc, for the firearm at the time you inherited it.

ETA: An appraisal is great but might be an unnecessary cost to incur except for the most expensive types of firearms IMHO. An FFL could probably help you with this cost basis determination IMHO.

March 30, 2010, 03:30 AM	#37
RDak Senior Member Join Date: October 17, 2004 Location: Michigan Posts: 734	If you purchased it, you'd need an invoice. If you have lost the invoice, the best you could do is try and get an advertisement, catalog, etc., showing how much it cost the year you got it. If inherited, get the fair market value at the time of inheritance. Use a catalog, advertisement, etc, for the firearm at the time you inherited it. ETA: An appraisal is great but might be an unnecessary cost to incur except for the most expensive types of firearms IMHO. An FFL could probably help you with this cost basis determination IMHO. Last edited by RDak; March 30, 2010 at 03:51 AM.