I have an S-Corporation. For the year 2019 the business was not in operation except for the first quarter of 2019.
The S-Corporation's tangible assets have been depreciating for approximately 3-5 years prior to 2019 using MACRS.
Should I just not list any tangible assets for the S-Corporation on my tax returns for 2019?
Or, if I do list the assets, what do I list as my recovery period since the assets weren't used for the last three quarters of 2019?
