SDIRA Multi-member LLC Annual Asset Valuation

[Elizabeth Diskin]

We recently set up 2 SDIRA accounts (one for each spouse) and pooled funds to create a multimember LLC. The money has not yet been invested. It's sitting in new biz account in name of LLC. Custodian of SDIRA accounts needs our annual asset valuation for their tax purposes and I have received conflicting advise re: how to properly report. One person said each SDIRA account holder reports the TOTAL assets in the newly formed LLC, the other said to report only the SDIRA account's total assets in the newly formed LLC. So person A invested 200K, person B invested 100K. Each SDIRA account holder needs to file valuation report of "total value of the LLC"... do they both say 300K? or refer to their own funds? Going forward...once the $ is invested in real estate, are they each reporting only their share of the total asset or the actual total asset? I'm being redundant, I just want to be clear. Thank you!!