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<p>[QUOTE=&quot;Clawcoins, post: 3233557, member: 77814&quot;]You&#039;re thinking the wrong way.&nbsp; But it seems you have the concept right in a way.</p><p><br /></p><p>If you withdraw at 59-1/2 or 70-1/2 from an IRA you *are* taking an IRA withdraw (whether RMD or more).&nbsp; It just so happens that it&#039;s in coins not cash.&nbsp; Based on the basis cost you&#039;ll pay tax (or not) at the time of withdrawal ... and put on your taxes.</p><p><br /></p><p>you will then have a handful of coins.&nbsp; You&#039;ll then *could* convert those coins to cash, which is after-the-fact of taking the 401k distribution.</p><p><br /></p><p>Yes, at that point it&#039;s beyond reach of the gov&#039;t .. to answer your question.</p><p><br /></p><p>Any transactions at pawn shops, coin shops, etc over $10k are reported but for other reasons.</p><p><br /></p><p>The IRA company tracks the IRA basis to determine the taxation for eventual IRA withdrawals. If basis is not taken into account, tax-free withdrawals can become taxable, meaning the funds will be taxed twice.</p><p><br /></p><p>So I think one of your questions is now that you have the coins and already paid your taxes on it.&nbsp; If you go to sell $15k at someplace (and valuation hasn&#039;t changed), do you file it on your taxes??&nbsp; probably better safe than sorry as you&#039;ll have the basis and sale price to report.</p><p><br /></p><p>Consult a very knowledgeable tax/retirement accountant.&nbsp; They&#039;ll know more .. I&#039;m not a tax accountant but I read a book once, but it wasn&#039;t about retirement Precious Metals tax accounting. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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