Forumsee logo
Forumsee » Finance and investment » Personal Finance » Read message
RSS: Subscribe to RSS

Form U5498-FMV

Investing & Banking Forum - Saving Advice - www.savingadvice.com
Last year we put Roth IRA money in to CDs. We got forms from the financial institution showing Fair Market Value (FMV) on Dec 31, 2012. The FMV is less than the account balances.

Is that because if we were to cash out the CDs, we would pay a penalty in the form of lost interest?

I did an internet search but did not find an answer.

If none of you brilliant SA forum members know the answer, I will call the financial institution on Monday.


Read responses in savingadvice.com

Last videos:

|NO SCAMS| BTG Claim
|NO SCAMS| BTG Claim
Jack bogle on Market Conditions, ETFs, Bitcoin and more
Jack bogle on Market Conditions, ETFs, Bitcoin and more
JL Collins - The Simple Path to Wealth
JL Collins - The Simple Path to Wealth
$GYNAF Huge News!
$GYNAF Huge News!
any one know about this system..
any one know about this system..
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
Cars · 
Mobility · 
Hardware · 
Motorbikes · 
Travel · 
Boating · 
Aviation · 
production-frontend
About Forumsee · Contact · Privacy policy · Request content removal
We use cookies for navigation analysis and personalized advertisement. By using our site, you agree to our use of cookies.
Accept  ·  Learn more