Taxes paid for NFA items

tmorone · August 7, 2012, 06:45 PM

I've only started gathering suppressors this year, so it will be my first year filing taxes after paying for a few stamps.

I wonder- can any of that be deducted to reduce tax liability? Or do any of you guys have experience in attaching those to your return?

Or... Is it just taxes that have been paid and thats that.

Willie Lowman · August 7, 2012, 07:36 PM

Just taxes that have been paid.

tmorone · August 8, 2012, 11:31 AM

Thanks Willie! Not the answer I was hoping for, but at least there's no more wondering.

medalguy · August 8, 2012, 05:51 PM

Consider it a "fun penalty".

August 7, 2012, 06:45 PM	#1
tmorone Senior Member Join Date: October 22, 2010 Posts: 221	Taxes paid for NFA items I've only started gathering suppressors this year, so it will be my first year filing taxes after paying for a few stamps. I wonder- can any of that be deducted to reduce tax liability? Or do any of you guys have experience in attaching those to your return? Or... Is it just taxes that have been paid and thats that.

August 7, 2012, 07:36 PM	#2
Willie Lowman Senior Member Join Date: March 5, 2009 Location: Uh-Hi-O Posts: 3,006	Just taxes that have been paid. __________________ "9mm has a very long history of being a pointy little bullet moving quickly" --Sevens

August 8, 2012, 11:31 AM	#3
tmorone Senior Member Join Date: October 22, 2010 Posts: 221	Thanks Willie! Not the answer I was hoping for, but at least there's no more wondering.

August 8, 2012, 05:51 PM	#4
medalguy Senior Member Join Date: August 31, 2009 Location: New Mexico Posts: 1,033	Consider it a "fun penalty".