Fair Market Valuation Information

A fair market valuation is used to assign or change the value of an asset. Midland Trust Company requires that a fair market value be submitted on a yearly basis to ensure proper tax reporting. All IRA custodians are required to provide the IRS a year-end value for IRA accounts.

Click on the asset type below to see examples of supporting documents you may submit for its fair market valuation.

Real Estate

Closely Held LLC or LP

Private Placement

Notes and Mortgages

Futures & Forex

For assets you consider worthless or are in bankruptcy/litigation, provide any documentation you may have at this time. We may contact you regarding additional requirements for updating your account.

If you have any questions regarding this form, call our office at 239-333-1032 EXT 14.