Solved: Where do I enter equipment warranty contract payments?

Where do I enter equipment warranty contract payments?

We make monthly payments on extended warranties for our equipment. Where is the best place to enter the payments? Repairs and maintentance? Dues and subscriptions?

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You could term it repairs or you could enter it as a miscellaneous deduction with the explanation, "equipment warranty".

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You could term it repairs or you could enter it as a miscellaneous deduction with the explanation, "equipment warranty".

I have a single member LLC for my side hustle. I personally own the truck and equipment. Can my LLC pay lease/rent payments to me personally for renting the equipment used for those jobs? If so, is there a specific amount i can charge?

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