How would I categorize a deduction for an aftermarket warranty?
I've purchased aftermarket warranties for a variety of assets and supplies for my business. How would I categorize these when entering my deductions. Would they go under supplies? Legal and Professional fees? Other miscellaneous fees?
01293
1 Best answer
LisaS
Level 5
Jun 1, 2019 4:23:40 PM
They can either be added to the basis of the item they were purchased for or I would recommend you classify them an insurance.
1 Replies
LisaS
Level 5
Jun 1, 2019 4:23:40 PM
They can either be added to the basis of the item they were purchased for or I would recommend you classify them an insurance.