2025 IRA Fair Market Value Reporting Form

Important Fair Market Value (FMV) Information

The fair market value of your IRA is the total worth of all assets as of December 31 each year.

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Deadline & Late Fee

• FMV must be reported by January 9, 2026.
• Failure to report by this date will result in a $50 late fee.
• Accounts with unpaid late fees may be closed.

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What to Include

Your reported FMV should generally include:

• Any cash held by the IRA at Solera National Bank, and
• If applicable, the valuation of the LLC or Trust investment.

General Example:
If Jane Smith’s IRA at Solera National Bank holds no cash and invests in an LLC or Trust that owns $10,000 in cash, real estate valued at $500,000, and cryptocurrency worth $5,000; Jane’s total FMV would be $515,000.

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Valuation Guidance

• Work with a qualified tax or legal advisor to ensure accurate valuation.
• Questions about market fluctuations, appraiser opinions, valuation methods, or discounts should be directed to your qualified advisor. Solera National Bank cannot provide tax or legal advice.

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Submitting Your FMV

• Click Next to continue with the form.
• For questions about the submission process, email us at fmv@solerabank.com.

Version 2025

Important Note

Solera National Bank requires the total fair market value for:

• The related LLC or Trust investment, and
• Any cash held directly in the IRA (not in the LLC or Trust checking account) as of December 31 each year.

You may report the LLC or Trust valuation as:

• A single total amount, or
• An itemized list of individual assets

Instructions for both options are below. If you’re unsure which method is best, please consult your tax advisor. 

Option 1: Report Total FMV for LLC or Trust + IRA Cash

1. Cash Balances

• Enter any cash held directly in your IRA in the Cash Balances section.
• Most IRAs do not hold cash unless a contribution check is pending.
• Do not enter the LLC/Trust checking account balance here if it’s included in the total valuation.

2. Investments Section

• Enter the LLC or Trust name as Investment Name.
• Enter its total value as Investment Value.

Option 2: Report Itemized Valuation of All Assets

1. Cash Balances

• Enter any cash held directly in your IRA and in the LLC or Trust checking account in the Cash Balances section.
• Do not duplicate entries for the LLC or Trust checking account.

2. Investments Section

• Enter each asset within the LLC or Trust as Investment Name and its value as Investment Value.
• Click Add New Investment & Value to add more items.
• Remove unused lines by clicking the trash can icon.

If No LLC or Trust Exists (e.g., pending Roth conversion)

• Enter “n/a” under Investment Name and “0” under Investment Value.

Cash Balance Verification

• View your cash balance in the online banking portal.
• For login help, use our online chat at https://www.solerabank.com or call (303) 937-6426.
• If no cash balance exists or it’s included in the total valuation, enter “0” in the required fields. 

Investments Section Tips

• For total FMV reporting: Enter the LLC or Trust name and total valuation, then click Next.

• For itemized reporting: Enter each investment and valuation, add or remove lines as needed, then click Next.

By signing below, I certify the information I have provided is true, correct, and complete to the best of my knowledge. I certify that Solera National Bank may rely on what I have provided for IRA reporting, including on IRA Annual Statements and Form 5498, for tax year 2025. I understand that I may be charged a late fee if I do not report annual valuations timely. I understand that I am responsible for ensuring the valuation is accurate and follows IRS guidelines. I assume all responsibilities for any consequences as a result of my actions and this valuation. I will indemnify and hold Solera National Bank harmless from any consequences related to executing my directions. I have been advised to seek legal or tax advice and have not been provided any such advice from Solera National Bank.