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Q: I took $15,000 out of my retirement plan last November and bought silver with it, mainly because I didn't feel it was safe there. I elected not to have federal tax withheld and I wrote "redeemed lawful money per 12 U.S.C. 411" on the back of the $15k Fidelity check before depositing. Do I owe tax on this? I'm 47 years old.
Last edited by JohnnyCash; 02-08-15 at 03:08 AM.
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