Suppressors Selling Suppressors

[Thereaper1313]

So I'm thinking about selling a few Suppressors that I had aquired as a ffl sot a few years ago. I since retired both my Sot and license. I had set up a dba so when I paid my sot it was done so under my social security number. When I submitted my paperwork to the atf for closing my business I transferred all my inventory including nfa items into my personal collection. I didn't have to pay for a tax stamp on each item since the sot was linked to my ss#(some may disagree but I don't care).
If I was to sell items would they still be considered on a form 3, or would I have to do a individual to sot transfer and pay the tax?

 

[CoryT]

They transfer on a form 4 now, direct to another person in your state, or to a dealer. After transfer to a dealer, they go to an individual on another 4, so tax paid again. One reason cans have less resale value.

 

[Thereaper1313]

They transfer on a form 4 now, direct to another person in your state, or to a dealer. After transfer to a dealer, they go to an individual on another 4, so tax paid again. One reason cans have less resale value.

So does the form 4 to a dealer take less time similar to form 3? Or is it up in the 6+mnth range.

 

[TheOE800]

So does the form 4 to a dealer take less time similar to form 3? Or is it up in the 6+mnth range.

They’re faster than Individual or Trust Form 4, but they’re slower than eForm 3.

 

[CoryT]

Form 4 to a dealer is processed much like a Form 3

 

[TheOE800]

Form 4 to a dealer is processed much like a Form 3

They’re not that fast, they’re still paper. 1-3 months. My last was around 10 weeks.

 

[CoryT]

Well, they are not eForms, so 6-10 weeks. Not needing prints and photos, might be able to efile a form 4, I never tried that.

 

[TheOE800]

Well, they are not eForms, so 6-10 weeks. Not needing prints and photos, might be able to efile a form 4, I never tried that.

eForm 4 submission requires the submitter to have a FFL ID.

 

[CoryT]

True, but I don't recall it prevents you from submitting the form with the transferor as an individual. It may, I've not tried it.

 

[TheOE800]

It does. I tried, hence the paper submission instead.