And you do have to include on your 1040 any income you have for sales (no matter to whom) or capital gains you have from sale of guns you kept over a period of time. (Remember, ATF was once part of IRS and income tax evasion is one way to get illegal gun dealers.)
So, if you bought Colt SAA #1 for $2.50 when it was milsurp junk and just sold it for a million, Uncle Sam wants his share of that long term capital gain.
Jim
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