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?

posted

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".

Last year we purchased a property. It is a private sale between the seller and us. There is a legal contract and we are making monthly payments. How do I enter this?

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