guido1221 Posted April 25, 2016 Report Share Posted April 25, 2016 I currently have a FNC on a form 3. If I decide to relinquish my SOT how do I go about keeping the FNC. Quote Link to comment Share on other sites More sharing options...
Joe-Dependable Arms Posted April 25, 2016 Report Share Posted April 25, 2016 If your a proprietor and not a Co, LLC, or trust you already own the gun, nothing needs to be done except notify the ATF that you won't be renewing your SOT. If or when you decide to sell the gun it would go to the new owner on a tax paid F4. Of course this assumes that the gun is not a post sample but a transferable or pre May sample. Hope this helps. Quote Link to comment Share on other sites More sharing options...
Tall Pine Posted May 18, 2016 Report Share Posted May 18, 2016 ^and if its a pre-May sample it could only be sold to a current SOT holder, correct? That would be Form3 to Form3, no tax paid? Quote Link to comment Share on other sites More sharing options...
Dscheid NFA Investments Posted May 18, 2016 Report Share Posted May 18, 2016 1 hour ago, Tall Pine said: ^and if its a pre-May sample it could only be sold to a current SOT holder, correct? That would be Form3 to Form3, no tax paid? For any Pre-May guns, You will need to F4 it to them (the SOT buyer) and pay the tax since you no longer paid your SOT tax. However, these transfers (even though it is a F4) don't take long at all. Quote Link to comment Share on other sites More sharing options...
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