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Babak
Level 5
February 5, 2024
Solved

Entering lease (not rent) into 1065

  • February 5, 2024
  • 2 replies
  • 8 views

My client (partnership) leased an office and pays a monthly amount. All I could find was a place to enter rents paid. Where can I enter Lease payment in 1065?

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Best answer by BobKamman

Different words but same thing.  Sort of like aubergines and eggplant.  

2 replies

BobKamman
BobKammanAnswer
Level 15
February 5, 2024

Different words but same thing.  Sort of like aubergines and eggplant.  

    PATAX
    PATAX
    Level 12
    February 5, 2024

    Rent is an English word. Lease is a French word for same thing.😉

      BobKamman
      BobKamman
      Level 15
      February 5, 2024

      lease
      Origin
      late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’.

      rent
      Origin
      From Middle English rent, rente, from Old French rente, from Early Medieval Latin rendita, from Late Latin rendere, from Latin reddere.

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