Originally Posted by
thei3ug
I bring it up because OP seemed to seek info for the first time, and because for years people falsely claimed that the trust was a separate legal entity, and when assets were transferred out, the beneficiaries would have to pay a second $200 tax. The ATF gave verbals but faith was lacking. It is now explicitly part of the regulation (see above). I mention it here are still old pages that claim otherwise.
also, as a person who makes a living in this industry, keeping the schedule A current is a property concern, not an ATF enforcement one.
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