The Schedule A is the listing of everything the Trust owns. It's part of the Trust so it should be included as part of the Trust when you submit an application to the ATF. The only difference between the original Schedule A and the revised Schedule A is, well... it's been REVISED to include newly-purchased items. Assuming we're starting with a new Trust, the only thing it owns at the outset is the XX Dollar bill, so that's the only thing that's listed on the Schedule A. When you transfer something into the Trust, then you add it to the Schedule A. This addition is a REVISION so the Schedule A is now called a Revised Schedule A.Please clarify if you're talking about the "Initial Trust Funding Schedule A" (the one with the first Trust item) or the "inventory" - aka ""Revised Schedule A, trust assets?"
Why would anyone send them the entire Revised Schedule A?
You can't transfer an NFA-regulated item into the Trust until AFTER the Form 1 or Form 4 is approved, so the item you're applying for shouldn't appear on the Schedule A you submit to the ATF.
To make the example complete, let's say your Trust applied for and received a stamp for a suppressor in March of 2012. In 2013, your Trust decides to apply for a second suppressor. The Schedule A that you send in for your 2013 application should list the XX Dollar Bill plus the 2012 suppressor--2 items.
I hope this helps to clear things up. I've exchanged emails with HoneyBadger and I think he should be good to go.
Rod
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Originally Posted by RCCrawler
The wait begins.
