Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

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Nov 28 9:30 AM EST

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To: Mr.D who wrote (14898)	6/4/1999 10:14:00 AM
From: David Colvin	Read Replies (1) of 25548

Simple.... If you do not sell them YOU SHOULD NOT have a problem. It is when you sell and make a profit you would have to pay taxes. Best thing to go is take them to your broker like I said yesterday. Don't want to get into a pissing contest over this ( I really don't care either way) but this is absolutely not correct. If I take delivery of any certificates from my IRA, it will be treated as a withdrawal after either 60 or 90 days whether I sell them or not....period! OR CALL YOUR tax man. I have called my tax man.....at my brokerage house! Fidelity Investments have real live experts handling my IRA that deal only IRAs and rules governing them, and this is what they told me. Once again, if I take possession of anything from my IRA, after a period of time (60 or 90 days) it will be treated as a withdrawal whether I sell it or not......and in my case there will be an additional penalty because I'm not 59 1/2. Dave

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