How would I categorize a deduction for an aftermarket warranty?

[chicgeeksa]

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?

[LisaS · Accepted solution]

They can either be added to the basis of the item they were purchased for or I would recommend you classify them an insurance.