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 on a yearly basis to ensure proper tax reporting.
A Fair Market Valuation is also required when:
Note: An appraisal is required to submit along with the Fair Market Valuation Form for real estate asset distribution, conversion, and recharacterization to determine the fair market value.
The Entrust Group, Inc. is required to:
To properly report the FMV of an asset, a qualified, independent third party should perform the valuation and then complete the Fair Market Valuation Form. A qualified, independent third party may be:
For more information and Frequently Asked Questions, download our free guide to FMV's.