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Updated about 4 years ago,

User Stats

14
Posts
7
Votes
Lewis Hunter
  • Rental Property Investor
  • Gainesville, VA
7
Votes |
14
Posts

Fair Market Value for Mortgage Note

Lewis Hunter
  • Rental Property Investor
  • Gainesville, VA
Posted

Coming up on the first full year of owning a note in my SDIRA and I received a notice stating that

Each year, the Internal Revenue Service requires Fair Market Values be provided for assets in your Camaplan Self-Directed Individual Retirement (IRA), Health Savings (HSA), Coverdell ESA or Qualified Plan (QP) accounts.

Can anyone recommend a good appraiser? Also what is the typical going rate for this service? I was quoted $650 for the one note I own. Any feedback would be appreciated 👍

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