Originally Posted by
khc3
There is an awful lot of gray area, but I would disagree:
Buying and selling with the intent to profit seems pretty clearly to me to be an activity that requires a license. It would be hard to prove for a single sale, absent any kind of evidence, such as internet postings saying one is planning on selling for profit.
Obviously, it is not unlawful to profit from the sale of one's gun collection. However, these profits are capital gains and would be taxed at the collectibles rate of 28%.
be careful out there, folks.