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?
Read it for yourself.
https://www.atf.gov/file/100871/download
If you sell handguns for the principal objective of livelihood and profit, you need a license. If you're an occasional seller, or not selling them for the income it makes, you generally don't. Lots of illustrative examples.
NOTHING changed from Friday til today in this regard.