Private firearm sales at gun shows

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Private firearm sales at gun shows

Postby vwj1987 on Wed Mar 16, 2011 11:29 pm

I was wondering about the private buying/selling/trading of firearms at a gun show. I've been researching but couldnt find anything specific for minnesota. Is it legal? How is it done? Do the ffl dealers look down on it? If I was to sell mines do I walk around with a sign or something? I traded with some people on the forum, is it done the same way but at the gun show? I've experience trying to do trades at a store but they always offer you a low price for your trade ins. I just think that you have more room to negotiate prices if your doing a private sale. Any help would be appreciated.
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Re: Private firearm sales at gun shows

Postby mmarino on Thu Mar 17, 2011 12:03 am

yep just another FTF sale, just make sure to ask and see their PTP or PTC + a valid state id. also if you want you could fill out a bill of sale.
what are you selling?
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Re: Private firearm sales at gun shows

Postby vwj1987 on Thu Mar 17, 2011 12:16 am

mmarino wrote:yep just another FTF sale, just make sure to ask and see their PTP or PTC + a valid state id. also if you want you could fill out a bill of sale.
what are you selling?

Not anytime soon but I was just wondering. It's just good to know if I ever wanted to sell in the future. But how do you let people know that you're selling something?
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Re: Private firearm sales at gun shows

Postby 12smile on Thu Mar 17, 2011 3:38 am

if the sale is let's say $500 you need to collect about $35 in sales tax and send it in. To be perfectly legal.
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Re: Private firearm sales at gun shows

Postby 45Badger on Thu Mar 17, 2011 4:58 am

vwj1987 wrote:Not anytime soon but I was just wondering. It's just good to know if I ever wanted to sell in the future. But how do you let people know that you're selling something?


I have my kid carry the gun around with a sign on it. For rifles, usually a note card stapled to a straw stock in the bore. For pistols a sign taped to side of a hard case.

12smile wrote:if the sale is let's say $500 you need to collect about $35 in sales tax and send it in. To be perfectly legal.
I guess i've been perfectly illegal in many years and several states worth of never collecting a tax on private sales 8-)
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Private firearm sales at gun shows

Postby illbits on Thu Mar 17, 2011 5:18 am

12smile wrote:if the sale is let's say $500 you need to collect about $35 in sales tax and send it in. To be perfectly legal.

I would think it is perfectly illegal to collect sales tax without a tax ID number, but I've been wrong before...
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Re: Private firearm sales at gun shows

Postby Squib Joe on Thu Mar 17, 2011 5:54 am

12smile wrote:if the sale is let's say $500 you need to collect about $35 in sales tax and send it in. To be perfectly legal.


I wonder who told you this.
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Re: Private firearm sales at gun shows

Postby Pezhead on Thu Mar 17, 2011 6:23 am

So if we have a garage sale I need to collect sales tax?
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Re: Private firearm sales at gun shows

Postby xd ED on Thu Mar 17, 2011 6:40 am

Pezhead wrote:So if we have a garage sale I need to collect sales tax?


A(small) lightbulb just went appeared above Mark Dayton....
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Re: Private firearm sales at gun shows

Postby hammAR on Thu Mar 17, 2011 6:43 am

Do they collect tax on Girl Scout cookies..............
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Re: Private firearm sales at gun shows

Postby xd ED on Thu Mar 17, 2011 7:54 am

Cookies are food
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Re: Private firearm sales at gun shows

Postby hammAR on Thu Mar 17, 2011 8:00 am

xd ED wrote:Cookies are food

and guns get food.......or stops others from taking your food.... :P
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Re: Private firearm sales at gun shows

Postby farmerj on Thu Mar 17, 2011 8:13 am

If you don't pay Sales Tax, it's likely you would have to pay Use Tax....
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Re: Private firearm sales at gun shows

Postby Spartan on Thu Mar 17, 2011 8:29 am

sales and use tax.... \
Our " great Mother" sent her minion out to audit my Company... we are not selling anything.... 3 days of auditing and they dinged me for $2700.00 for computer software purchased from Washington state because no one locally sells same or similar..... oh yeah ... I dont own the software... the WA company extorts a monthly services fee ... so this is more like a lease right.......
I argued but in the end I just took my shirt off and get to her. Oh this was Pre- Dayton..... next time they will want my wofe's shirt!!
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Re: Private firearm sales at gun shows

Postby RobD on Thu Mar 17, 2011 8:45 am

Squib Joe wrote:
12smile wrote:if the sale is let's say $500 you need to collect about $35 in sales tax and send it in. To be perfectly legal.


I wonder who told you this.


Wondering this as well... not even going to bother trying to correct him.
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