Moving Out of State w NFA Trust
I am in the job market again and it looks like there may be a couple of offers on the table that will require a move out-of-state.
Assuming NFA items are legal in the new location and ownable by a trust - do I need to do anything other than file the correct form (5320)?
Do I need to refile the trust in the new state?
Obviously, I'll need to talk to a lawyer, but just thought I'd see what others have done.
Also - for states like Illinois that do not allow trust ownership - I assume I'm looking at needing to transfer the item from the trust to myself, paying the $200 tax?
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