Fair Market Value Letter and Form To Be Mailed

It’s that time of year again! Time for the 2016 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 will soon be 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. Single Member LLC holders must provide a valuation of the LLC itself. If necessary, please include any supporting documentation related to the valuation and submit along with the form.

Note that all December 31 year-end values must be submitted to Kingdom Trust by January 9, 2017. You may submit via mail to Kingdom Trust, P.O. Box 870, Murray, KY 42071; by email to [email protected] or by fax to 270.226.1001.

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

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