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by allisji
Tue Jan 05, 2016 5:53 pm
Forum: Federal
Topic: You have to become a FFL?
Replies: 35
Views: 9023

Re: You have to become a FFL?

Soccerdad1995 wrote:I will be interested to see how they define "in the business" of selling firearms.

There is already a definition for purposes of filing taxes using schedule C. Are they going to use that one (I think it's showing a profit for 2 out of the last 3 years or some such)? Or maybe the test will be that you have to make more than 51% of your income from profits on gun sales?
Wrong, you have to make at least 51% of your income from profits from gun sales for immediate consumption on the premises.

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