Why a Home Storage Gold IRA Is Not Allowed

Quick answer

A home storage gold IRA is not a legal structure. Internal Revenue Code Section 408(a) requires that assets in an Individual Retirement Account sit with a bank or an Internal Revenue Service approved nonbank trustee. An account holder is never on that list, and personal possession of IRA metal at home is treated as a full distribution of the metal at fair market value.

The 2021 United States Tax Court ruling in McNulty v. Commissioner applied Internal Revenue Code Section 408 to a self-directed IRA that owned a single-member limited liability company and stored American Eagle coins at the account holder home. The court sustained the deemed distribution and the 20 percent accuracy-related penalty under Internal Revenue Code Section 6662.

For a Texas resident, home storage of a 100,000 dollar traditional gold IRA typically costs 22,000 to 42,000 dollars in immediate federal tax and penalty, depending on marginal bracket and age. Texas has no state personal income tax, so no state layer applies. Legal Texas storage runs through an Internal Revenue Service approved depository, including the state-administered Texas Bullion Depository in Leander. Sources cited below and checked June 2026.

Short on time? The essentials

Home storage of IRA metal is not a live option. Internal Revenue Code Section 408(a) requires a bank or Internal Revenue Service approved nonbank trustee to hold the assets. Personal possession triggers a deemed distribution.
The 2021 United States Tax Court ruling in McNulty v. Commissioner, 157 T.C. No. 10, applied Section 408 to a checkbook LLC home-storage setup and treated the coins as distributed at fair market value. The court also sustained the 20 percent accuracy-related penalty under Internal Revenue Code Section 6662.
Bullion inside an IRA must meet the Internal Revenue Code Section 408(m)(3) fineness floor: gold at .995, silver at .999, platinum at .9995, palladium at .9995. The American Gold Eagle and American Silver Eagle sit on the statutory exception list.
Federal cost on a 100,000 dollar traditional gold IRA at the 22 percent bracket, under age 59 and six months: 22,000 dollars in federal income tax plus 10,000 dollars in early-withdrawal tax under Internal Revenue Code Section 72(t), for 32,000 dollars immediately.
Texas has no state personal income tax under Article 8 Section 24 of the Texas Constitution. Only the federal layer applies to a deemed distribution for a Texas resident.
The Texas Bullion Depository in Leander is a state agency of Texas that stores precious-metals IRA assets through its operator Lone Star Tangible Assets LP, coordinated by a self-directed IRA custodian. It is a legal Texas storage venue and not a home-storage workaround.
A safe deposit box at a bank under the account holder personal name has the same problem as a home safe. The IRA does not hold the metal; the account holder does.
Selling the home-storage pitch is one of the recurring precious-metals fraud patterns flagged by the Federal Trade Commission, the Commodity Futures Trading Commission, and the Texas State Securities Board.

On this page

The one-paragraph answer
The federal rule stack that bans home storage
McNulty v. Commissioner: what the Tax Court actually held
What the home-storage gold IRA pitch sounds like
Home storage vs a legal path: what changes
The federal tax cost of a failed home-storage attempt
Estimate your own federal early-withdrawal impact
The Texas advantage on the federal figure
Where a Texas resident can legally store IRA metal
How to move IRA metal out of a home-storage arrangement
Worked example: a Fort Worth couple at 200,000 dollars
When trying to fix a home-storage IRA yourself is the wrong call
Frequently asked questions

The one-paragraph answer

A home storage gold IRA fails at the front door of federal tax law. The Internal Revenue Code requires an approved trustee to hold the account assets. A safe in the garage, a private vault under the account holder name, or a bank safe deposit box titled to the account holder is not an approved trustee. The moment the metal enters the account holder personal possession, the Internal Revenue Service treats it as a distribution from the IRA.

That deemed distribution creates a federal income tax bill on the entire value of the metal. Filers under age 59 and six months owe a 10 percent additional early-withdrawal tax on top. Texas residents avoid the state layer because Texas has no state income tax, but the federal figure alone is large enough to reset a retirement plan.

The federal rule stack that bans home storage

Three sections of the Internal Revenue Code and one Tax Court ruling do the work here. Read together, they leave no legal room for a home-storage gold IRA.

Internal Revenue Code Section 408(a)(2). An IRA must be held by a bank or by a person approved by the Internal Revenue Service as a nonbank trustee. Treasury Regulation 26 CFR 1.408-2(e) sets the criteria that a nonbank trustee must meet, including net worth, fiduciary experience, and continuous audit. The Internal Revenue Service publishes the current list of approved nonbank trustees and custodians. An individual account holder never appears on that list.

Internal Revenue Code Section 408(m). Collectibles are prohibited inside an IRA. Bullion coins and bars are the exception, and only under two conditions. They must meet the Section 408(m)(3) fineness floor of .995 for gold, .999 for silver, and .9995 for platinum and palladium. The American Gold Eagle and American Silver Eagle sit on the statutory exception list. The metal must also remain in the physical possession of a trustee or custodian.

Internal Revenue Code Section 72(t). A distribution from a traditional IRA before age 59 and six months carries an additional 10 percent tax, on top of ordinary federal income tax on the distribution. The section has narrow exceptions for disability, higher education, a first home, unreimbursed medical expenses above a threshold, and substantially equal periodic payments under a 72(t) schedule. None of the exceptions covers a home-storage arrangement.

Internal Revenue Code Section 6662. An accuracy-related penalty of 20 percent of the underpayment can attach when a taxpayer takes a position without reasonable cause. Relying on a dealer sales pitch does not qualify as reasonable cause. The McNulty court sustained this penalty on the exact fact pattern below.

McNulty v. Commissioner: what the Tax Court actually held

The leading case is McNulty v. Commissioner, 157 T.C. No. 10, decided by the United States Tax Court on November 18, 2021. The setup was the one that home-storage promoters had marketed for years.

A self-directed IRA held the sole membership interest in a single-member limited liability company. The account holder was the manager of the LLC. The LLC bought American Eagle coins with IRA funds and stored them at the account holder home in Rhode Island.

The taxpayers argued that the LLC, not the account holder, owned the coins, so the trustee-possession requirement of Section 408 was met. The court disagreed. Judge Goeke wrote that physical possession of the metal by the individual manager broke the trustee-possession rule. The fact that a corporate wrapper sat between the account and the coins did not change who actually held them.

The court treated the fair market value of the coins as a distribution from the IRA at the moment each coin entered the home. Ordinary federal income tax applied to the full distribution. The court also sustained the 20 percent accuracy-related penalty under Internal Revenue Code Section 6662 because the taxpayers relied on promoter representations instead of an independent tax opinion.

McNulty is a Tax Court reviewed opinion. It settles the question for identical checkbook LLC home-storage arrangements. It also applies by direct analogy to any structure in which the account holder ends up with physical possession of the metal, whether or not an LLC sits in the paperwork.

What the home-storage gold IRA pitch sounds like

The pitch tends to arrive by web ad, a free guide, or an inbound sales call. The scripts vary, but the mechanics are usually one of these three shapes. Each one fails Internal Revenue Code Section 408 for the same reason.

Common home-storage gold IRA pitches and the federal rule each one breaks
Pitch shape	What the seller claims	Why federal law blocks it
Checkbook LLC	An LLC owned by the IRA holds the coins, and the account holder is manager. The LLC owns the metal, so the account holder does not.	Internal Revenue Code Section 408(a) trustee requirement. McNulty v. Commissioner (2021) rejected exactly this setup. Physical possession by the manager was treated as a distribution.
Home safe under a "self-storage" IRA	The account holder stores IRA coins in a personal safe at home, sometimes with a written custody agreement drafted by the seller.	Internal Revenue Code Section 408(a). The account holder is not a bank or an Internal Revenue Service approved nonbank trustee. A written custody agreement between the account holder and themselves does not change the rule.
Bank safe deposit box in the account holder name	The account holder rents a safe deposit box at their bank and stores IRA coins there. The bank supposedly serves as trustee because the box sits in a bank.	The bank leases the box; it does not act as trustee for the assets inside. The IRA custodian is a separate legal role and does not attach to a personal box lease. Personal access converts the metal into personal possession.
Private residence "vault" with a corporate label	The seller sells an in-home vault with signage naming a fictional storage entity. The metal supposedly sits with that entity.	An entity that is not on the Internal Revenue Service approved nonbank trustee list cannot serve as an IRA trustee. Painting a name on a home vault does not create trustee status.
Family LLC or trust owned by the IRA	A family LLC or trust owned by the IRA holds the coins. A family member other than the account holder is named custodian.	The family member is still not on the Internal Revenue Service approved nonbank trustee list. The structure fails Section 408(a) for the same reason a checkbook LLC does.

Built from Internal Revenue Code Section 408 and Internal Revenue Service Publication 590-A. Case cite: McNulty v. Commissioner, 157 T.C. No. 10 (2021). Additional context from Commodity Futures Trading Commission and Federal Trade Commission investor advisories on precious-metals fraud. Sources listed below.

Home storage vs a legal path: what changes

The comparison is often framed as convenience against inconvenience. That framing is wrong. The real comparison is an illegal path with an immediate federal tax bill against a legal path that keeps the account tax-deferred. The table below sets the two side by side on the points that actually differ.

Home storage of IRA metal vs storage at an Internal Revenue Service approved depository
Criterion	Home storage (illegal for an IRA)	Approved depository (legal path)
Legal basis	None. Internal Revenue Code Section 408(a) requires an approved trustee. The account holder is not one.	Internal Revenue Code Section 408(a) with the depository serving under the custodian storage agreement.
Tax treatment on transfer	Deemed distribution at fair market value on the day the metal enters personal possession.	No distribution. The metal remains inside the tax-deferred IRA.
Immediate federal tax exposure at 22 percent bracket on 100,000 dollars, under age 59 and six months	32,000 dollars, combining 22,000 dollars ordinary income tax plus 10,000 dollars additional tax under Section 72(t).	0 dollars. The account continues to grow tax-deferred.
Accuracy-related penalty risk	20 percent under Internal Revenue Code Section 6662, sustained in McNulty when reliance on the seller pitch was the only defense.	Not applicable. A compliant path does not create an underpayment.
Insurance	Homeowner or umbrella policy questions apply. Standard homeowner sublimits on precious metals are often below the account balance.	Depository insurance carried by the operator, typically underwritten on the Lloyd of London market for theft, fire, flood, and natural disasters.
Physical security	A residential safe against a burglary or fire event. The account holder assumes the risk.	A purpose-built vault with continuous audit, dual control, and monitored access.
Reporting to the account holder	None. The account holder keeps their own records.	Custodian and depository statements issued on a scheduled basis, matching the audit trail expected by the Internal Revenue Service.
Estate handling on death	Coins pass through the general probate estate. The IRA loses its beneficiary structure once the distribution has already occurred.	The IRA passes to named beneficiaries under the IRA beneficiary form, outside probate for the account itself.

Built from Internal Revenue Code Sections 408, 72(t), and 6662. Additional context from Internal Revenue Service Publications 590-A and 590-B and public depository storage agreements. Case cite: McNulty v. Commissioner, 157 T.C. No. 10 (2021). Sources listed below.

The federal tax cost of a failed home-storage attempt

The chart below prices the immediate federal tax cost when a home-storage attempt causes a 100,000 dollar traditional gold IRA to fall out of tax-deferred status. It stacks federal ordinary income tax on the deemed distribution with the 10 percent additional early-withdrawal tax under Internal Revenue Code Section 72(t), for a Texas resident who is under age 59 and six months. Four federal marginal brackets are shown, plus the compliant path at zero.

Horizontal stacked bar chart of the immediate federal tax cost when a home-storage gold IRA attempt causes a 100,000 dollar traditional gold IRA to fall out of tax-deferred status and be treated as a distribution, at four federal marginal brackets, for a Texas resident who is under age 59 and six months. Each bar stacks federal ordinary income tax on the deemed distribution and the 10 percent additional early-withdrawal tax under Internal Revenue Code Section 72(t). At the 12 percent bracket the combined federal cost is 22,000 dollars, composed of 12,000 dollars in ordinary income tax and 10,000 dollars in early-withdrawal tax. At the 22 percent bracket the combined cost is 32,000 dollars. At the 24 percent bracket the combined cost is 34,000 dollars. At the 32 percent bracket the combined cost is 42,000 dollars. Texas has no state personal income tax under Article 8 Section 24 of the Texas Constitution, so no state layer applies. A compliant path through an Internal Revenue Service approved custodian and depository keeps the balance tax-deferred and the immediate federal cost is zero dollars. — Immediate federal tax cost when a home-storage attempt ejects a 100,000 dollar traditional gold IRA from tax-deferred status, at four federal marginal brackets, for a Texas resident under age 59 and six months. Stacks federal ordinary income tax on the deemed distribution plus the 10 percent additional early-withdrawal tax under Internal Revenue Code Section 72(t). Texas has no state personal income tax under Article 8 Section 24 of the Texas Constitution, so no state layer applies. A compliant path through an Internal Revenue Service approved custodian and depository keeps the account tax-deferred. Sources: Internal Revenue Service Publication 590-B and Internal Revenue Code Sections 408 and 72(t). Checked June 2026.

Two costs sit on top of the chart figure. The 20 percent accuracy-related penalty under Internal Revenue Code Section 6662 can attach if the taxpayer took the position without reasonable cause, as McNulty found. The lost future compounding also matters. A 100,000 dollar balance that stops growing tax-deferred loses years of shielded gain, and the loss shows up in the retirement plan long after the tax bill lands.

Filers over age 59 and six months avoid the 10 percent additional tax under Section 72(t). Ordinary income tax on the full distribution still applies. On the same 100,000 dollar balance at the 22 percent bracket, the immediate federal cost falls from 32,000 dollars to 22,000 dollars.

Estimate your own federal early-withdrawal impact

The calculator below estimates the immediate federal cost of an early distribution from a traditional IRA using your own balance, marginal bracket, and age. That is the fastest way to price a home-storage attempt on your specific account. Texas has no state personal income tax, so the state layer stays at zero for a Texas resident.

Texas gold IRA early-withdrawal penalty estimator

Take money out of a gold IRA before age 59 and a half and the IRS adds a 10% federal additional tax. Many states add their own additional tax on top, so check your state. The federal penalty is estimated below.

Amount withdrawn (USD) Your age Combined marginal income tax rate (optional %)

Estimate only, not tax advice. The 10% federal additional tax applies to early distributions before age 59 and a half; exceptions exist. Your state may add its own additional tax, and ordinary income tax applies separately. Source: IRS Publication 590-B. Consult your tax advisor.

The Texas advantage on the federal figure

Texas residency changes the state layer, not the federal one. The advantage is real and worth naming honestly. Texas has no state personal income tax under Article 8 Section 24 of the Texas Constitution. A deemed distribution from an IRA that is triggered by a home-storage arrangement therefore falls on the federal return only for a Texas resident.

A California resident on the same 100,000 dollar deemed distribution at the same 22 percent federal bracket would face a state layer as well. A New York resident would face a state layer and possibly a New York City layer. A Texas resident faces neither. On a 100,000 dollar distribution at the 22 percent federal bracket, this saves several thousand dollars against a filer in a high-tax state.

The Texas advantage does not make the federal figure small. A 32,000 dollar immediate federal cost on a 100,000 dollar account is a 32 percent haircut on the day it happens. The point of surfacing the Texas benefit is to be accurate, not to soften what home storage actually costs.

Where a Texas resident can legally store IRA metal

Legal storage runs through an Internal Revenue Service approved depository named on the custodian storage agreement. A Texas resident has several practical options, all of which route through a self-directed IRA custodian.

The most Texas-specific option is the Texas Bullion Depository. It is an agency of the State of Texas, established by law signed by Governor Greg Abbott on June 12, 2015. It sits in Leander, north of Austin, on a purpose-built campus.

The depository has been operational since 2017. The state contracts the day-to-day operation to Lone Star Tangible Assets LP as its private operator. The facility stores gold, silver, platinum, palladium, and rhodium.

It accepts precious-metals IRA assets coordinated by a self-directed IRA custodian. Current process details and fees are published at texasbulliondepository.gov; verify them there before deciding.

National options with Texas locations also work. Common examples used by self-directed IRA custodians include the Delaware Depository network, Brinks Global Services, International Depository Services, and CNT. Each one appears on custodian storage agreements as an Internal Revenue Service approved depository. Fee schedules, insurance carriers, and segregated versus commingled storage terms differ by facility. Compare in writing before signing.

None of these options requires the account holder to touch the metal. That is the point. The custodian and the depository work together so that the metal stays with a trustee, the account stays inside Section 408, and the retirement plan stays tax-deferred.

How to move IRA metal out of a home-storage arrangement

If IRA metal is already sitting in a home safe, a personal safe deposit box, or a home vault under any structure, the account has a problem that is best addressed carefully and quickly. The steps below outline a defensive path. None of them substitutes for a Texas licensed tax attorney or a certified public accountant familiar with Internal Revenue Code Section 408.

Stop new deposits and stop new coin purchases through the arrangement. Every additional deposit or coin can worsen the deemed-distribution figure and the accuracy-related penalty risk. Freezing new activity is the first step before a professional review.
Preserve every record. Save every email, statement, invoice, and marketing document from the seller and any promoter. If the arrangement used a checkbook LLC, preserve the LLC formation papers, operating agreement, and bank statements. Do not send anything back to the seller.
Retain a Texas licensed tax attorney or certified public accountant with Section 408 experience. The specific question is when a deemed distribution occurred, what value applies, and how to report it. This drives the tax outcome and the potential Section 6662 exposure. A general practitioner is not the right fit.
Do not physically move the metal without professional guidance. Moving metal from a home safe to a private vault under the same personal name does not fix the Section 408 defect. It can create new dates that a return has to explain. The professional will set the sequence.
Open a compliant self-directed IRA with an approved custodian for future contributions. That gets any future rollover or contribution activity onto a compliant track. It does not fix the past, but it protects the future. Verify the custodian appears on the Internal Revenue Service approved nonbank trustees list.
Coordinate the storage step with the new custodian. Once the future account exists, the new custodian directs metal to an Internal Revenue Service approved depository. For a Texas resident, the Texas Bullion Depository or a national depository with a Texas facility both work.
Report suspected fraud to the Texas State Securities Board and the Federal Trade Commission. A home-storage IRA pitch that misrepresented federal law is often part of a broader precious-metals fraud pattern. State and federal regulators track these matters and can act on similar complaints. Filing does not slow your own tax cleanup.

Worked example: a Fort Worth couple at 200,000 dollars

Worked example

Ken and Elaine, both 57, live in Fort Worth. They have a 200,000 dollar traditional gold IRA built from an old 401(k) rollover. A dealer pitches a "home-storage IRA" using a single-member LLC with Ken as manager, promising delivery of American Gold Eagles to a residential safe. The dealer emails a brochure that describes the McNulty ruling as "narrow" and cites a promoter opinion letter.

Two red flags fire. The described setup is the exact fact pattern rejected by the McNulty court in 2021. The reliance on a promoter opinion letter is what allowed the Internal Revenue Service to sustain the 20 percent accuracy-related penalty under Section 6662 in that case. Ken and Elaine end the sales call and email a request for the full fee schedule and coin markup in writing.

The written follow-up never arrives. They instead speak with a Texas licensed certified public accountant, then open a compliant self-directed IRA with a custodian on the Internal Revenue Service approved nonbank trustees list. The custodian directs the rollover of the 200,000 dollar balance into segregated storage at the Texas Bullion Depository in Leander through Lone Star Tangible Assets LP. The account stays tax-deferred and no distribution occurs.

Assume they had signed the home-storage paperwork. On the day the metal arrived at their house, the Internal Revenue Service would treat the 200,000 dollar balance as a full distribution.

At the 22 percent federal bracket, the ordinary income tax alone would be 44,000 dollars. Both are under age 59 and six months, so the 10 percent additional tax under Section 72(t) would add 20,000 dollars. That is 64,000 dollars in immediate federal cost, before any 6662 penalty. Texas would add nothing at the state layer.

The illustrative numbers use verified federal rules applied to a Texas resident. Confirm your bracket, your age status, and any fee quote in writing before deciding.

When trying to fix a home-storage IRA yourself is the wrong call

The instinct after realizing that IRA metal has been stored at home is often to fix the paperwork quietly. That instinct almost always makes the problem larger.

You quietly move the metal to a depository and skip the tax step. Moving the metal after a deemed distribution has already occurred does not undo the distribution. It creates a new asset outside the IRA that has to be reported. The clean fix is a professional-led corrective sequence, not a silent transfer.

You sign a backdated custody agreement the seller emails you. A backdated document is not a fix. It can convert a tax issue into a fraud issue on top of the tax issue. Never sign a backdated agreement.

You buy the same coins back through the compliant custodian to "reset" the account. The original distribution has already happened. Buying the coins again inside a new compliant account does not cancel it. It just sets a new basis inside the new account.

You accept a store credit or coin swap from the dealer. Store credits and swaps narrow your remedies against the dealer. Keep the cash claim, keep the paperwork, and pursue the dealer through the Texas State Securities Board and the Federal Trade Commission channels.

You wait until the Internal Revenue Service notices before acting. The service has a multi-year window to assess. Waiting removes the ability to file a timely amended return, worsens interest and penalty exposure, and can push a routine cleanup into a formal audit.

You rely on the seller for the tax reasoning. The seller is not your tax advisor and is a likely party to a future dispute. Get a Texas licensed tax attorney or certified public accountant with Section 408 experience on your side.

Frequently asked questions

Is a home storage gold IRA ever legal in the United States?

No. Internal Revenue Code Section 408(a) requires an approved trustee to hold the account assets. The account holder is not on the Internal Revenue Service approved nonbank trustees list. Personal possession of IRA metal at home is a deemed distribution. The 2021 McNulty v. Commissioner ruling confirmed the point for the standard checkbook LLC setup.

Does a checkbook LLC or self-directed IRA LLC change the result?

No. The court in McNulty v. Commissioner treated the account holder physical possession of the coins as controlling. A single-member LLC owned by the IRA does not create a separate trustee capable of holding IRA assets. The account holder as manager is still the person with the metal.

What about a bank safe deposit box in the account holder name?

Same problem. The bank leases the box; it does not act as trustee for the assets inside. An IRA custodian is a separate legal role that does not attach to a personal box lease. Personal access to the box converts the metal into personal possession under Section 408.

What is the federal tax cost on a home-storage attempt at 100,000 dollars?

For a Texas resident under age 59 and six months, the immediate federal cost typically runs from 22,000 dollars at the 12 percent federal bracket to 42,000 dollars at the 32 percent bracket. That combines federal ordinary income tax on the deemed distribution and the 10 percent additional early-withdrawal tax under Internal Revenue Code Section 72(t). A 20 percent accuracy-related penalty under Section 6662 can attach on top.

Does Texas residency shield any part of the federal figure?

No. The federal figure is the same in Leander as it is in Los Angeles. What Texas residents save is the state layer. Texas has no state personal income tax under Article 8 Section 24 of the Texas Constitution, so a deemed distribution triggers federal tax only for a Texas resident.

Is the Texas Bullion Depository a way to store IRA metal at home in Texas?

No. The Texas Bullion Depository in Leander is a state agency vault. It accepts precious-metals IRA assets through its operator Lone Star Tangible Assets LP, coordinated by a self-directed IRA custodian. That is a legal path. It does not authorize storing IRA metal at a Texas residence.

Can I take physical delivery of my IRA gold at retirement?

Yes, through an in-kind distribution at or after age 59 and six months. The custodian ships the metal to the account holder as a distribution, and ordinary federal income tax applies on the fair market value at that time. The 10 percent additional tax under Section 72(t) does not apply after age 59 and six months. Coordinate the distribution with the custodian and a tax advisor.

What happens if the Internal Revenue Service reviews a home-storage arrangement years after the fact?

Assessment can reach back multiple years. Interest accrues from the year of the deemed distribution. The 20 percent accuracy-related penalty under Section 6662 can apply if the position lacked reasonable cause. Waiting for a notice does not reduce these exposures. It usually increases them.

Sources

Internal Revenue Code Section 408(a). Individual Retirement Accounts: bank or approved nonbank trustee requirement. Office of the Law Revision Counsel. uscode.house.gov. Checked June 2026.
Internal Revenue Code Section 408(m). Investments in collectibles and the bullion exception. Office of the Law Revision Counsel. uscode.house.gov. Checked June 2026.
Internal Revenue Code Section 72(t). 10 percent additional tax on early distributions from qualified retirement plans. Office of the Law Revision Counsel. uscode.house.gov. Checked June 2026.
Internal Revenue Code Section 6662. Accuracy-related penalty on underpayments. Office of the Law Revision Counsel. uscode.house.gov. Checked June 2026.
Treasury Regulation 26 CFR 1.408-2(e). Criteria for approval of nonbank trustees for Individual Retirement Accounts. Government Publishing Office. ecfr.gov. Checked June 2026.
Internal Revenue Service. Approved Nonbank Trustees and Custodians. irs.gov/retirement-plans/approved-nonbank-trustees-and-custodians. Checked June 2026.
Internal Revenue Service. Publication 590-A: Contributions to Individual Retirement Arrangements (IRAs). irs.gov/publications/p590a. Checked June 2026.
Internal Revenue Service. Publication 590-B: Distributions from Individual Retirement Arrangements (IRAs). irs.gov/publications/p590b. Checked June 2026.
United States Tax Court. McNulty v. Commissioner, 157 T.C. No. 10 (November 18, 2021). Home storage of IRA metal treated as a deemed distribution; accuracy-related penalty sustained under Section 6662. ustaxcourt.gov. Checked June 2026.
Securities and Exchange Commission. Investor.gov materials on self-directed IRA fraud and precious-metals investments. investor.gov. Checked June 2026.
Commodity Futures Trading Commission. Consumer protection materials and precious-metals advisories. cftc.gov/LearnAndProtect. Checked June 2026.
Federal Trade Commission. ReportFraud portal for consumer fraud complaints, including precious-metals and investment scams. reportfraud.ftc.gov. Checked June 2026.
Texas State Securities Board. Investor education and complaint intake for Texas residents. ssb.texas.gov. Checked June 2026.
Texas Bullion Depository. State-administered depository in Leander; IRA storage available through Lone Star Tangible Assets LP. texasbulliondepository.gov. Checked June 2026.
Texas Constitution. Article 8, Section 24. Prohibition on a state personal income tax. statutes.capitol.texas.gov. Checked June 2026.

By the Harry’s Coins Editorial team. Last reviewed June 2026.