Suppressors How hard is it to sell a can??
- Thread starter Winny94
- Start date
If the can was already transferred to you (Form 4 approved):
- If you can sell it someone in the same state as you then it's a matter of agreeing on price with buyer and filing Form 4paperwork & the $200 tax stamp. Then you keep possession of it until the buyer's Form 4 is approved
- If selling out of state then you have to do one Form 4 + $200 to transfer to a SOT in the buyer's state of residence After that is approved and you ship to that SOT the buyer would then file another Form 4 to transfer from the SOT to themselves, with another $200 stamp. So buyer ends up with twice the wait time & twice the stamp costs.
If the can is still at your dealer on a Form 3, without your Form 4 having been approved:
-If you already submitted your Form 4 then you can request for it to be cancelled, but you will have to wait until it is cancelled before you can have your SOT do a Form 3 to the buyer's SOT and buyer works with their SOT to file Form 4.
- If you have not submitted your Form 4 then you can just have your SOT do a Form 3 to the buyer's SOT and buyer works with their SOT to file their Form 4
As you can see, best case is if the can is only on a Form 3 to your SOT and you have not started any paperwork. The time, effort, and cost of the sale increase on the other situations. Even with a 338SR, if you're in the worst case of having completed Form 4 to you and you sell to buyer out of state, you're going to have to give a significant price discount to make it worth it for the buyer to wait 2x as long and pay 2x the stamps costs.
- If you can sell it someone in the same state as you then it's a matter of agreeing on price with buyer and filing Form 4paperwork & the $200 tax stamp. Then you keep possession of it until the buyer's Form 4 is approved
- If selling out of state then you have to do one Form 4 + $200 to transfer to a SOT in the buyer's state of residence After that is approved and you ship to that SOT the buyer would then file another Form 4 to transfer from the SOT to themselves, with another $200 stamp. So buyer ends up with twice the wait time & twice the stamp costs.
If the can is still at your dealer on a Form 3, without your Form 4 having been approved:
-If you already submitted your Form 4 then you can request for it to be cancelled, but you will have to wait until it is cancelled before you can have your SOT do a Form 3 to the buyer's SOT and buyer works with their SOT to file Form 4.
- If you have not submitted your Form 4 then you can just have your SOT do a Form 3 to the buyer's SOT and buyer works with their SOT to file their Form 4
As you can see, best case is if the can is only on a Form 3 to your SOT and you have not started any paperwork. The time, effort, and cost of the sale increase on the other situations. Even with a 338SR, if you're in the worst case of having completed Form 4 to you and you sell to buyer out of state, you're going to have to give a significant price discount to make it worth it for the buyer to wait 2x as long and pay 2x the stamps costs.
Sorry for the predicament.
Besides the process for the buyer it may be a harder sell without taking a good hit on the price. Buyer has to pay a $200 tax for an item he is committed to, and then waits for 9+ months.
Perhaps the firearms are easier to sell/replace. Keep that can and its 9 months time invested.
Besides the process for the buyer it may be a harder sell without taking a good hit on the price. Buyer has to pay a $200 tax for an item he is committed to, and then waits for 9+ months.
Perhaps the firearms are easier to sell/replace. Keep that can and its 9 months time invested.
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