Article on Collectible Guns

[Edward Tinker]

I would think everything depends on the value of your estate.

Many people would never get the IRS attention, but those who have been watched for whatever reason or you have a huge collection, then yes, you might be audited or whatever they call it when you're dead.

It also depends on if your family worries and sells, then claims it on their tax forms???

Far better to let me buy your $75k collection before you die for $45k and spend the money or bank the money. Cuz if you wait till you're dead, well, you won't care if your daughter or son sells it for $25k. Not an uncommon occurrence, my favorite story is the family that had a huge collection, they tossed out all the leather and many of the stocks, 'because they were moldy' and the guns were worth hundreds of thousands of dollars and they almost sold all of them for that 25k number above (if memory serves me right)


Ed