Fair market valuation for IRA LLC containing notes

[Peter Halliday]

I read that the Fair Market Value for the IRA LLC is basically a combination of theFfair Market Value of the assets. Notes I read are valued based on the UPB and unpaid interest.

I wanted to check if that’s how most people do value.  When they say unpaid interest, I assume they mean for the remainder of the term left.  

[Brian Eastman]

@Peter Halliday

Valuation for a note is the open balance plus the accrued and unpaid interest.  So if payments are made on the first of the month and valuation is being done on the 31st, that 31 days of interest since the last payment is what would be added to the value.