Fair Market Valuation CPA for Real Estate syndication

[Steven Medina]

I am trying to locate CPA firms that can complete a Fair Market Valuation (FMV) on a Syndication fund in order to convert my investment from a Tax Deferred account to a Roth account. Do you have recommendations on CPA firms that do FMV's? I am in Colorado, and the syndication fund has investments in multiple states. Thanks.

[Eric Williams]

Okay I hear ya.

There is an ABV that is accredited by the AICPA.

I have also met CPAs who were accredited with the CVA, and one of them I talked to about how he had to do valuation adjustments for estate purposes. Similar to your situation, sometimes valuations will make reductions for certain interest, such as for effective control, minority interests, lack of marketability, restrictions, etc. This has a similar benefit in that a reduced valuation may reduce estate taxes.

Anyways sorry if that wasn't any help but if I think of anything I'll try to double back.

I also wanted to add, although you probably were already aware, if the interest has multiple units, perhaps spreading the transfer out over several years could help.

Also don't forget about harvesting losses from other sources like brokerage accounts (make sure to avoid wash sale rules) or even carryforward amounts.