FMV Documentation Information

A fair market valuation (FMV) assigns or changes the value of an asset. Midland requires that you submit supporting FMV documentation and valuation yearly. This ensures proper tax reporting to the IRS. All IRA custodians must provide the IRS a year-end value for IRA accounts.

Click on the asset below for examples of FMV documentation you may submit.

Real Estate

Closely-Held LLC or LP

Private Placement

Notes and Mortgages

Futures & Forex

For worthless or bankrupt/litigated assets, provide any documentation you may have. We may contact you about more requirements for updating your account.

If you have any questions about FMV documentation, then please call us at 239-333-1032 EXT 14.