Anonymous
Not applicable

Business & farm

i would enter them as business assets.

 

since these were acquired in prior years, the tax basis is the lower of cost (reduced by any prior business depreciation) or Fair Market Value on the date your business began operation,  if you did not commence operations in 2019, they can not be depreciated.    they can only be depreciated starting with the date you placed them into service, generally the date you began operations,  for your current business.