Since alternative asset values are not available through public trading exchanges, self-directed IRA owners must generally work with their investment provider or contract with a qualified, independent third-party "Valuation Agent" to update an asset value to show a significant change in value or a zero valuation.
Important Details about Submitting Valuation Changes:
• Supporting documentation is required.
• The supporting documentation must be signed by the “Valuation Agent” of the accountholder’s choice.
• Valuation Agents must be an independent, third-party professional who is certified or licensed and not considered a disqualified person defined in Internal Revenue Code 4975.
Examples of Supporting Documentation Include:
- A third-party appraisal
- A written explanation from the entity signed by an officer or managing member
- Documentation from a court-appointed receiver regarding the value
- Bankruptcy paperwork (Chapter 7 only)
- Articles of dissolution filed with the state
How to Submit Changes to STRATA
STRATA's Fair Market Valuation forms include fast, electronic form submission through ServiceNOW. Accountholders can easily complete, sign, upload supporting documentation, and securely electronically transmit your FMV update directly to STRATA. Click the appropriate link below, and a pop-up will appear—enter your email and get started today!
Fair Market Valuation - Real Estate: Use for directly owned real estate.
Fair Market Valuation Update Request - Use for all other assets.