Dentist client is taking RMDs from the Plan. The Plan holds 17 Krugerrands (market valued) and "100 Silver Dollars" (valued at spot silver prices).
If Dentist were to take distribution of this gold and silver as part of his RMD, the remaining assets could be rolled to a generic IRA and the Plan terminated.
The "market value" is less than the RMD amount.
The question is "How do we establish that the assets have changed hands from the Plan to the Participant?" Appraisal? 1099-R filing?. I'd like to make sure the Dentist is credited with taking the full amount of the RMD (some cash plus the gold and silver).