Awasome Fair Market Value Of Home Irs Hawaii Form References. Under the tax laws for all iras, ira custodians must provide a fair market value statement to ira owners by january 31 each. The fair market value of a.

In march 2013, when the home had a fair market value of $400,000 and you owed $195,000 on the mortgage, you took out a home equity loan for $120,000. A home’s fair market value (or “fmv”) estimates what it would sell for on the open market. A fair market valuation form (“fmv form”) is used to document the value of an asset.