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Download the FMV Forms here:

icon_pdf1 Real Estate Fair Market Valuation Questions and Form (FMVR)

icon_pdf1 General Fair Market Valuation Questions and Form (FMV)


Please send completed forms and supporting documents to:




Real Estate

An appraisal is required for Distribution and Conversion/Recharacterization of an asset, but it is not necessary for yearly reporting. A licensed real estate professional that is strictly “arms length” from both the investment and you as the account owner can provide a real estate fair market value analysis. This is more commonly referred to as a comparative market analysis (CMA). A CMA is a detailed report examining the homes currently on the market, under contract, recently sold or expired, withdrawn, or canceled. This determines what a property is worth in the current market.

zero_assets_icon Zero Value Assets

Please indicate the status and value on the Fair Market Valuation Form and sign it yourself. Provide the necessary documentation that will support the status and value. You will not need a qualified, independent third party to perform the valuation. However, in order to zero out assets from your account, the Internal Revenue Code requires specific types of documentation to do so.  The following are some acceptable examples:

  • A Trustee’s Deed (for a Deed of Trust asset)
  • Bankruptcy/Receivership paperwork
  • A “cease and desist order” from an entity such as the SEC or a similar state agency

feature3-smallLLCs and Entities

A value of each asset within the LLC or entity is required in order to determine the value of the LLC or entity. Real estate assets owned in an LLC or entity must be evaluated by a third party as noted above. Other assets such as bank or brokerage accounts should have year-end statements proving their value.

Private Placements

The value of the asset may be provided by a qualified third party, but they must provide sufficient supporting documents with the Fair Market Valuation Form.

If you still have questions regarding how to complete the FMV or what documentation to provide, please contact us or call us at 800-392-9653 Option 1