Let's say if I add an extra $3,000 to the 2021 Tax return while Amending it, will the Turbo Tax software make the adjustment(s) if any to reflect on the 2022 Tax year from Amending 2021 year?
Also, how does it work, I used to have a Landlord that even if I was late with my rent, I do not recall him ever charging me any late fees, but in the Lease or and however it was, it was mentioned that if you don't pay by a certain date or and however it was informed me of, about late fee(s), however it was. Does that fall under CANCELLED DEBT in the IRS' eyes, or is Cancelled Debt only if, someone ACTUALLY BILLS you or and LOANS you a certain amount of money, property or and if any otherwise of debt, and if you don't pay any or all of it back to the debtor and the debtor tells you that you don't have to pay them all or any of the debt, then that is Cancelled Debt? Of course there are exceptions to this depending on the situation(s), such as Gifts and other subjects.
