I own two sole props. How do i correctly move equipment i purchased last year under section 179 for one schedule C to my other schedule C?

[turbomoeller]

Had i not elected section 179, this equipment would have taken 5 years to depreciate. The equipment will remain 100% for business use. Should i simply sell the equipment from my first business to my second business at my tax basis of $0? Or would it be more appropriate to gift the equipment to myself? How do I make the entry in turbotax?

[Critter · Accepted solution]

Your only choice it to sell it off the first business at a zero price & enter it as an asset on the other business at a zero cost.