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NFA – Trustee Denied

posted on January 18, 2019

Q: A trustee was “denied” from NICS when attempting to pick up a tax stamp, the suppressor was NOT transferred and the stamp is still in our possession. The other members of the trust have come back with and updated trust, the “denied” trustee was removed from the trust. Can I now, have another member of the trust do a 4473 and if “proceed” then transfer it to them? If not, what do I do with the stamp. FYI, we have had the stamp for many months.

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