When selling a collection in part or in whole, and a payment of $10k or more is received, it’s my understanding that the bank needs to notify the IRS. There could be a profit, it could be a break even, or I could lose my butt. My age and health may dictate a sale quicker than I like. How do you handle this? Thanks in advance!
My wife and I applied for TSA quick-check at the same time. She was approved and given her number in less than 48 hours. It’s been six weeks and I haven’t heard anything from them, when I check online it just says it’s in progress and if they need more info. they’ll contact me. I have a C&R FFL; I’m in the voluntary appeal file; and I have six NFA weapons. I’m in the VAF because of delays in the insta-check system that happened in the first few years of it’s existence. Would any of this cause a delay? Any help will be greatly appreciated! Thanks in advance!
