what are my tax implications for withdrawing from a traditional IRA depository bullion storage. Don thave any gaings after investing?100,000 1099B reports 56,000?

@dmertz , please comment.

@pmart1256 ,   I don't know much about the process of holding precious metals inside an IRA where you hold them yourself, I know this is possible, but I don't know how it is done.  If the coins are still held inside the IRA (the individual retirement arrangement), then no taxable event has occurred, you have just moved them from one storage location to another. 

If you took the coins out of the IRA (individual retirement arrangement), that counts as a distribution, using the coin's fair market value on the date you removed them from the IRA.  You should get a 1099-R, and you pay tax on the amount of the distribution (assuming you deducted the cost of the coins as a tax deductible IRA contribution, the entire value is taxable income.). This is ordinary income, not capital gains income.

I also don't know how you have a 1099-B.  If you bought coins for $44,000 which are now worth $100,000, I assume that if they are in an IRA, you took a tax deduction for the $44,000 as an IRA contribution ($6000 per year, more or less).  That means your basis is still zero, and the entire fair market value is taxable when you take them out of the IRA, but I don't know if they are still in the IRA or out of the IRA at this point. 

If you did take them out of the IRA and have to pay tax, then going forward, if you sell the coins in the future, you would have a capital gain or capital loss, with your cost basis being the value you paid tax on, the value on the date they were removed from the IRA.