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Posted: 2/26/2016 8:54:19 PM EDT
| If this is a repeat, I apologize. I did a search and didn't find the exact answer. I will be adding a second SBR to my trust. On the revised schedule "A", do I list my previous SBR and my new one for ATF submittal? Also, I had a bill of sale for my first SBR. Do I need to fill out another bill of sale, or will the new schedule A be enough? I appreciate any help. |
| I'll preface this with the fact that I am not an attorney but will share how mine (reputable one on this site) advised to a similar question. Assuming your schedule A has a dollar or similar to legitimize the trust you don't need to ever add any NFA items to your schedule A. You can have a separate list of assets owned by the trust that you can edit as needed and not required to submit as part of your Form 4/1s. I have several tax stamps and never altered my list of assets on the schedule A. |
| Your trust can own anything you say it owns, unless there's some oddball wording in the trust. I put the first lower I SBR'd on the Schedule A that I sent with the rest of my trust documents, and when I SBR'd another, I added it before I submitted the trust documents again. I think the examiners really want to see that the previous SBR is listed on the Schedule A that goes in for the new stamp, but I felt that it was important to show the trust owned the lower that was being "made" into an SBR. |
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Quoted:
I'll preface this with the fact that I am not an attorney but will share how mine (reputable one on this site) advised to a similar question. Assuming your schedule A has a dollar or similar to legitimize the trust you don't need to ever add any NFA items to your schedule A. You can have a separate list of assets owned by the trust that you can edit as needed and not required to submit as part of your Form 4/1s. I have several tax stamps and never altered my list of assets on the schedule A. ^^ This is 100% the correct answer. ^^ |
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Quoted:
I'll preface this with the fact that I am not an attorney but will share how mine (reputable one on this site) advised to a similar question. Assuming your schedule A has a dollar or similar to legitimize the trust you don't need to ever add any NFA items to your schedule A. You can have a separate list of assets owned by the trust that you can edit as needed and not required to submit as part of your Form 4/1s. I have several tax stamps and never altered my list of assets on the schedule A. This. Keep it simple. |
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Quoted:
This. Keep it simple. Quoted:
Quoted:
I'll preface this with the fact that I am not an attorney but will share how mine (reputable one on this site) advised to a similar question. Assuming your schedule A has a dollar or similar to legitimize the trust you don't need to ever add any NFA items to your schedule A. You can have a separate list of assets owned by the trust that you can edit as needed and not required to submit as part of your Form 4/1s. I have several tax stamps and never altered my list of assets on the schedule A. This. Keep it simple. x2 |
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