ShootistPRS said:
The law implies that having the parts to make an NFA restricted gun is the same as having the gun.
[...]
As I understand it you cannot legally possess the parts to make a SBR without the process for your stamp completed.
That's not always the case, depending on what other parts you own and how close those parts are to each other. In 1992 the Supreme Court ruled that merely possessing the parts to make an illegal SBR wasn't enough to break the law by itself. See
US v. Thompson-Center Arms Co.
In 2011 the ATF published
Ruling 2011-4, which clarified their take on that court decision:
A firearm, as defined by the National Firearms Act (NFA), 26 U.S.C. 5845(a)(3), is made when unassembled parts are placed in close proximity in such a way that they: (a) serve no useful purpose other than to make a rifle having a barrel or barrels of less than 16 inches in length; or (b) convert a complete weapon into such an NFA firearm.
So, in order to be in possession of an illegal SBR merely for having the parts to make one, those parts must be in "close proximity" to each other
and you must have "no useful purpose" for having them.
Now, the term "no useful purpose" seems clear to me; if you have a short-barreled upper and a rifle-configured lower, then also possessing a pistol-configured lower would give you a legal "useful purpose" for having those parts even if they were in close proximity to each other. However, the term "close proximity" is pretty vague.
I once asked the lead ATF agent for an FFL/SOT audit what "close proximity" meant exactly, and he told me to ask a lawyer. That vagueness is why people often avoid having the parts together in the same house just to be safe.