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For 40 years, The Entrust Group has provided account administration services for self-directed retirement and tax-advantaged plans. Entrust can assist you in purchasing alternative investments with your retirement funds, and administer the buying and selling of assets that are typically unavailable through banks and brokerage firms.
A Fair Market Valuation (FMV) is part of the Internal Revenue Service (IRS) reporting requirements that provide the value of an asset annually.
Your submission of a fair market valuation (FMV) is used to assign or change the value of an asset. Valuation of the assets in your self-directed account must be provided to The Entrust Group (“Entrust”) on a yearly basis to ensure accurate and proper tax reporting to the Internal Revenue Service (IRS).
A fair market valuation is also required when:
Precious metals and publicly traded assets (stocks, bonds, etc.) DO NOT require your submission of a fair market valuation because these investment values are determined by the market. Entrust updates the value of most precious metals and publicly traded assets daily. Entrust will report the value of precious metals and publicly traded assets, along with any other assets held in your account, to the IRS via Form 5498 on an annual basis.
Submit your FMV easily via our Entrust Client Portal. Need some guidance? Check out our FMV Instructions and a step by step video walkthrough on how to submit your FMV through the Entrust Client Portal.