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I need to provide a brokerage firm with a valuation for a closely-held investment for a corrected 1099-R. I am 99% sure that this investment isn't worth the paper it's printed on as both the phone # and email address for the LLP that I invested in are no longer working/disconnected. The question I have is should I use the $8,400 FMV estimate for the corrected 1099-R (based upon a third-party appraisal, but dated as of 12/31/2014) or put a lower # to reflect the likely now-defunct status?? … read more
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