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Old January 27, 2018, 12:32   #1
Invictus77
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On a Form 3

What does "On a Form 3" mean?

Transferrable or dealer sample?
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Old January 27, 2018, 13:37   #2
yovinny
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Afaik, it means hes a dealer,,,form 3 is transfer between dealers.
Ask if it can tranfer form 4 to you....that means something...
I cam come help test if youd like...
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Old January 27, 2018, 18:07   #3
Sampson1986
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Quote:
Originally Posted by Invictus77 View Post
What does "On a Form 3" mean?

Transferrable or dealer sample?
The item is not "on" a Form, per se.

Form 3 - Transferor and transferee are both FFL/SOT holders - the transfering item can be a transferable, a pre-May dealer sample, or a post sample. Tax free.

Form 4 - Transferor and/or transferee are not FFL/SOT holders - the transfering item can be a transferable or a pre-May dealer sample. $200 tax applies.

Fun fact: depending on business setup, pre-May samples may be kept by an SOT after giving up his license. After giving up the SOT, said samples will transfer on a Form 4 but only to another SOT holder.

Form 5 - Transfer to heir, to and/or from government, dewat machine gun, etc. I don't know too much about these transfers. Tax free.
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Old February 15, 2018, 12:11   #4
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Also indicates one less step in getting the gun from the seller to the buyer if there's a state line involved. Says that the gun is in a dealer's possession. It'll transfer to a dealer in your state much quicker than if it is held by a non-dealer.
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