Assets bought before business was established

[je71]

I bought my farm property in 2019. My farm was established as a business in 2022. In 2020 and 2021, we purchased several animals and equipment we now use 100% for the business. How do I enter those assets in? 

[MaryK4]

You can enter the dates noting the date placed in service can be when you acquired them for the business.  Qualifying  property  is  considered  placed  in  service even if the property is not being used. For example, in December 2021, Allison purchased and took delivery of a machine for use in her business.  The  machine  was  ready  and  available  for  use  when  it  was  delivered, but Allison did not actually start using the machine until May 2022. The machine was considered placed in service in December 2021 even though it was not used until 2022.