Discussion Archives:Extended auto warranty

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Discussion Forum Index --> Advanced Tax Questions --> Extended auto warranty

Discussion Forum Index --> Tax Questions --> Extended auto warranty

Darin@hendgroup.com (talk|edits) said:

2 March 2010
Does anyone know if an extended auto warranty purchased seperately from the vehicle itself qualify for a current year expense assuming they are a cash basis taxpayer filing form 1120S.? Everything I am reading says it should be capitalized when the warranty is included with the sales price, but not sure about after the fact purchase. Thanks for any response.

Trillium (talk|edits) said:

2 March 2010
This discussion replaces the one originally started by Darin, as his long user name was distorting the forum index.

Darin - please see the note on your talk page about switching to a shorter user name before posting again. Thanks.

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