If you are taxed as a sole trader, then use the fair market value of the item, and book it as an equity investment as the offset for the asset.

Resolution for 'assets contributed issue: 'How to add fixed assets contributed from the owner of the company that has no receipt?' available: Yes.

The assets contributed issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the assets contributed issue yourself by looking for a resolution described in the article. If it is a complex assets contributed issue or you are unable to solve the issue, you may contact us by clicking here or by using other assets contributed support options.

For more information about resolving issues related to assets contributed in Quickbooks/QBO or to get support for the issue 'How to add fixed assets contributed from the owner of the company that has no receipt?', click the link below: