In general, tangible personal property is a moveable item that is real, material, substantive, and not permanently affixed to any real property. Assets should be clearly identified, listed in reasonable detail, and valued as of the decedent's date of death (not the date the inventory is prepared).Tangible personal property consisting of programmable computer equipment and peripherals used in business . . . . . . . . . . . 16. An asset list is a list of ALL items you have purchased or acquired for conducting your business. The list should include a brief description of each item. Form CC-1670 is the required form for the filing of an Inventory of the assets of a decedent's probate estate. All business owners, including home based businesses, are required to file a business tangible personal property return and current asset list annually.
