ffl and the 1 year rule

[proplockinc]

is it true if your an ffl and buy a ppt or dros a gun from inventory to your name you have to keep it for a year.is there anyway around this.thanks for any help. so if I did dros them in my name can I use the acquisition program keep them 30 days and then sell them?

[OCArmory]

Only if you log it straight from your bound book to yourself without completing a 4473.

[ke6guj]

and if you don't want to wait a year to sell, you can just log it back into your books and log it out to the buyer.

[kemasa]

is it true if your an ffl and buy a ppt or dros a gun from inventory to your name you have to keep it for a year.is there anyway around this.thanks for any help.

As said, it is not true. If you transferred it to yourself and did not fill out a 4473 (sole proprietor), then if you want to sell it prior to having it a year, you just need to run it through your book.

Personally, it is not a bad idea to run any firearms that you sell through your book, unless you go to another FFL and do a PPT.