Fair market value (FMV) letter and form mailed

It’s the time of year for the 2015 valuations. As a qualified custodian, Kingdom Trust is required to obtain a fair market value annually for each investment held by our account holders to complete our filings with the Internal Revenue Service.

With that in mind, please note that a fair market value (FMV) letter has been mailed to applicable Kingdom Trust account holders. Included with the letter is a Fair Market Valuation form to be completed for each applicable asset held in a client’s account.

Please read through the form carefully before completing and returning it to Kingdom Trust. The valuation may be completed by the account holder OR a qualified, independent third party valuator and submitted with supporting documentation, if necessary. Cash assets, precious metals, publicly traded assets or brokerage accounts do not require a fair market valuation (this does not include any such assets held in an IRA-owned Single-Member LLC, however).

Note that all December 31 year-end values must be submitted to Kingdom Trust by January 8, 2016.

Should you have any further questions, please contact our office.

This site uses cookies to learn how to communicate better with our website visitors and share the most relevant information. By continuing to browse the site, you are agreeing to the use of our cookies. Privacy Policy
You are currently allowing us to set cookies. Privacy Policy