Selling Firearms

[ghost]

I WAS TOLD TODAY AT A LOCAL GUNSHOP THAT IF YOU SELL GUNS(PPT) AND SELL OVER A CERTAIN LIMIT,IN A YEAR THAT YOU WOULD HAVE TO PAY TAX,IS THAT TRUE?HE COMPARED IT TO SELLING CARS,NOW I`M CONFUSED.IS THIS A LAW IN CALI

[Pthfndr]

Are you buying guns and selling everyone of them for a profit?

If not, you are not "doing business".

Did they tell you what the limit is?

No, because they don't know.

Did they quote the section of the law to you?

No, because they don't know.

Don't believe half what most gun shops tell you, and disregard the other half.

If you want the straight scoop with law and penal code section post your question in the legal forum.

[ghost]

thanks for the response.it kinda spooked me since i`ve sold a few lately.

[Shane916]

thanks for the response.it kinda spooked me since i`ve sold a few lately.

A few is actually the limit in CA.. couple is ok as well.. once you get to several then it's all over!!

[tenpercentfirearms]

thanks for the response.it kinda spooked me since i`ve sold a few lately.

The government knows everything you do so you might as well pay the tax. Unless you conducted all of your transactions wearing one of these.



For those of you who don't know, this is actually the field my shop is in and I do all of my business with my tin foil helmet on so they don't know what I am really selling. If you look hard you can see my inventory of lowers behind that 4th bush on the left.

[FortCourageArmory]

So that's where my helmet went!!!!!

[EOD Guy]

I WAS TOLD TODAY AT A LOCAL GUNSHOP THAT IF YOU SELL GUNS(PPT) AND SELL OVER A CERTAIN LIMIT,IN A YEAR THAT YOU WOULD HAVE TO PAY TAX,IS THAT TRUE?HE COMPARED IT TO SELLING CARS,NOW I`M CONFUSED.IS THIS A LAW IN CALI

It's not that you have to pay tax but that you are limited as to how many private party transfers or sales you can make in a year without being a licensed dealer.

For handguns, you may not conduct more than 6 transactions per calendar year. For rifles and shotguns, you may make "infrequent" sales. "Infrequent" is defined as "occasional and without regularity."

[BaronW]

It's not that you have to pay tax but that you are limited as to how many private party transfers or sales you can make in a year without being a licensed dealer.

For handguns, you may not conduct more than 6 transactions per calendar year. For rifles and shotguns, you may make "infrequent" sales. "Infrequent" is defined as "occasional and without regularity."

Is that for buying AND selling?

[EOD Guy]

Is that for buying AND selling?

It's just selling.

[allenst65]

For handguns, you may not conduct more than 6 transactions per calendar year. For rifles and shotguns, you may make "infrequent" sales. "Infrequent" is defined as "occasional and without regularity."

I remember reading this, however I will have to research further to see how collection or estate sales are handled.

I know a few shops in SoCal have recently taken in large collections from private parties and are selling them as PPTs via the consignment process. Definitely more than 6 per person, so I'm wondering if there's an additional exclusion for these cases.

[EOD Guy]

I remember reading this, however I will have to research further to see how collection or estate sales are handled.

I know a few shops in SoCal have recently taken in large collections from private parties and are selling them as PPTs via the consignment process. Definitely more than 6 per person, so I'm wondering if there's an additional exclusion for these cases.

Where the law limits handgun sales to 6 transactions per year, it also says that any number of handguns can be sold in one transaction. So, in the case of an estate sale of 1 or 50 handguns to a dealer, it only counts as one transaction.