Valuing property held in 401k

[Skip Reath]

Have a question regarding valuing property held in my 401k plan.   In speaking to my 3rd party administrator regarding converting some of my 401k to the Roth election and paying the taxes they said I would need to get appraisals on all the property held in my 401k.  According to them this is the only acceptable way to get accurate values for determining plan asset value.  Is it possible to use the taxing authority assessment along with a licensed broker’s opinion as to the values.  Would like to avoid having to pay for multiple appraisals. Has anyone had experience doing this?  Thoughts??  

[Jaysen Medhurst]

@Skip Reath, your administrator will have to advise on what's acceptable. That being said, be careful not to be penny wise and pound foolish here. Spending a little more for a thorough and accurate appraisal could save you big in the taxes owned.

Thinking outside the box, would it be possible to use 1031 exchanges to move the money from your 401k to a Roth? Might be worth having a conversation with your administrator / CPA.