Gold IRA Storage Rules

IRS guidance says qualifying IRA bullion must meet physical-possession requirements involving a bank or approved non-bank trustee.

Why home storage deserves caution

IRS FAQ guidance explains that bullion qualifying for the collectibles exception must be in the physical possession of a bank or an approved non-bank trustee. It also discusses indirect structures in which an IRA-owned entity buys bullion.

Verify the storage arrangement

• Who is the IRA trustee/custodian?
• Which depository will hold the metals?
• What does storage cost?
• Is the storage arrangement consistent with the custodian’s requirements?
• How would liquidation or a distribution work?