As for all IRA accounts, the IRA custodian is responsible for determining the year end value of all holdings in the account and providing that data to the client by the end of January. Client then simply divides that value by the appropriate RMD divisor. 

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• The custodian should be of more help if they portend to hold such investments in their SD IRA accounts. This is an odd time of year for this to come up since the valuation date is always 12/31, and it’s too late to meet requirements for 12/31/2022 and too soon for 12/31/2023. There are various ways to value a business, and the accountants that handle the business’ bookeeping and/or tax returns may be of help. Determining this value may result in costs for the IRA owner, just as periodic appraisals would have to be paid for if the holdings were real estate. The FMV and Code E for partnership holdings should be entered in boxes 15a and 15b of Form 5498.  The following article addresses this situation:
• https://mainstartrust.com/blog/post/whats-the-value-of-your-ira#:~:text=Under%20the%20tax%20laws%20for,IRA%20Contribution%20Information%2C%20each%20year.

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