jackpalladjv
Returning Member

Transfer to transfer of IRA funds to a brokerage/trust company that deals with gold and silver.

My investment company does not deal with gold and silver. I had them transfer a portion of my IRA funds to a trust company that does. The transfer took place in early 2023, after I had taken my RMD for the year. I did receive FORM 5498, from the trust company indicating the value of the metal after purchase and delivery to a specified vault/storage facility--not associated with the trust company. The metals are administered by the trust company.  My question is how and where do you report the RMD for tax year, 2024 for the metal? I did not receive a 1099-INT. Also, there are a number of fees from both the trust company and the storage facility. How are these handled?