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IRS Taxes Baseball Card IRA Purchase as Withdrawal

An individual who purchased a $50,000 baseball card through his IRA faced an IRS ruling that classified the transaction as a withdrawal, leading to additional taxes on his Social Security.

15 Aug, 11:02 — 15 Aug, 11:02
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YahooMostly Factual1d ago

He Bought a $50,000 Baseball Card Through His IRA. The IRS Called It a Withdrawal and Taxed More of His Social Security.

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