jawman Posted October 8, 2020 at 12:01 AM Share Posted October 8, 2020 at 12:01 AM Are there any additional requirements for the private sale/transfer of a handgun if seller and buyer are both located in Cook county? Let's say the seller is a Chicago resident, and the buyer is a Tinley Park resident, both part of Cook County. I know on a state level, the seller needs to run the buyers FOID on the ISP website to get approval, then can make the sale, wait the 3 day/72 hour period, and then the buyer can accept delivery of the physical firearm. And a good idea to create a bill of sale with necessary info, serial #, etc, and signature of buyer/seller (a good bill of sale form is in the For Sale or Trade section of this forum). But would anything additional be necessary for Cook County/Chicago? Gun is a Glock 17. Link to comment Share on other sites More sharing options...
mauserme Posted October 8, 2020 at 12:04 AM Share Posted October 8, 2020 at 12:04 AM The county would like you to pay a tax. Link to comment Share on other sites More sharing options...
jawman Posted October 8, 2020 at 12:06 AM Author Share Posted October 8, 2020 at 12:06 AM Who pays the tax, the buyer, or the seller? Isn't that only for dealers and retail sales...Not private transfers? They would like? Or they require? How does the tax get paid...? Link to comment Share on other sites More sharing options...
mauserme Posted October 8, 2020 at 12:12 AM Share Posted October 8, 2020 at 12:12 AM I believe they expect it of private transfers as well. If it ever has been paid in a private transfer, I suppose it was probably the buyer who paid it. Link to comment Share on other sites More sharing options...
Euler Posted October 8, 2020 at 12:12 AM Share Posted October 8, 2020 at 12:12 AM Who pays the tax, the buyer, or the seller? Isn't that only for dealers and retail sales...Not private transfers? They would like? Or they require? How does the tax get paid...? The seller is responsible for paying taxes. Even if the seller doesn't collect it from the buyer, the seller is still responsible. For a private individual, there's a form to be filed with personal income taxes. Unless it's a house or maybe a car, no one enforces it, hence "would like." Link to comment Share on other sites More sharing options...
101abn Posted October 8, 2020 at 12:13 AM Share Posted October 8, 2020 at 12:13 AM You can sell anywhere as long it is not across state lines. That being said its the buyers responsibility as to where it is kept regarding the magazine capacity. If i’m incorrect I’m sure some one will speak up. Link to comment Share on other sites More sharing options...
jawman Posted October 8, 2020 at 12:16 AM Author Share Posted October 8, 2020 at 12:16 AM Who pays the tax, the buyer, or the seller? Isn't that only for dealers and retail sales...Not private transfers? They would like? Or they require? How does the tax get paid...?The seller is responsible for paying taxes. Even if the seller doesn't collect it from the buyer, the seller is still responsible. For a private individual, there's a form to be filed with personal income taxes. Unless it's a house or maybe a car, no one enforces it, hence "would like." Interesting. Thanks for the info Euler. Any idea where this form can be found? Link to comment Share on other sites More sharing options...
mauserme Posted October 8, 2020 at 12:17 AM Share Posted October 8, 2020 at 12:17 AM Euler's answer is better in regard to who would remit the tax. I'm sure the county doesn't really care who ultimately pays it. Link to comment Share on other sites More sharing options...
Euler Posted October 8, 2020 at 12:23 AM Share Posted October 8, 2020 at 12:23 AM Interesting. Thanks for the info Euler. Any idea where this form can be found? It would be on the Dept of Revenue web site somewhere or included in just about any tax prep software, although it may require a "premium" version. Try not to think about it too much. There are no rewards for paying more taxes than anyone else. Link to comment Share on other sites More sharing options...
chislinger Posted October 18, 2020 at 02:37 AM Share Posted October 18, 2020 at 02:37 AM Are there any additional requirements for the private sale/transfer of a handgun if seller and buyer are both located in Cook county? Let's say the seller is a Chicago resident, and the buyer is a Tinley Park resident, both part of Cook County. I know on a state level, the seller needs to run the buyers FOID on the ISP website to get approval, then can make the sale, wait the 3 day/72 hour period, and then the buyer can accept delivery of the physical firearm. And a good idea to create a bill of sale with necessary info, serial #, etc, and signature of buyer/seller (a good bill of sale form is in the For Sale or Trade section of this forum). But would anything additional be necessary for Cook County/Chicago? Gun is a Glock 17.Go outside the county for the transaction. Link to comment Share on other sites More sharing options...
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