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class 3 trust question


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I asked John about this and he said yes absolutely, however doing so will essentially give the ATF of an itemized list of all items owned by the trust whenever you send your schedule A.

 

 

Or something like that :D . He did say it was possible, but after we went over it I opted not to bother.

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I asked John about this and he said yes absolutely, however doing so will essentially give the ATF of an itemized list of all items owned by the trust whenever you send your schedule A.

 

 

Or something like that :D . He did say it was possible, but after we went over it I opted not to bother.

 

 

I have a copy of my schedule A that has all of my items on it.  But when I send it to ATF, they don't get that copy.  Hasn't really hurt me yet. 

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Yeah, I have a real schedule A and a "revised" schedule A for submissions. I am not going to include a schedule A with my next eFile. I have been told by several people they got approved without a recent schedule A attached. Just make sure to add it to the hard copy to cover you, or any trustee, if it comes into question whether the NFA item is trust property.

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My schedule A is defined in my trust as a listing of all property delivered to the trustee as of the date of trust adoption.  There was no property delivered to the trustee on that date.  Accordingly, my schedule A is blank.  Property delivered to the trustee subsequent to my trust adoption date has been accomplished via a simple assignment to trust form included with each Form 4 and Form 1 submission. Bills of Sale for my NFA items are in the name of my trust and and all items paid for with a check drawn on my NFA Trust account.  I will have no problems proving trust ownership.

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