I'm not sure what you want to do, but I'll try to help.
- No, you do not have to amend the 2019 tax return.
- There is no tax on the inherited money.
- I don't see any tax deduction that you could take for 2019, but it doesn't matter because
- The IRS only allows 3 years to file an amended return for a refund, and that time has passed.
- The down payment does not come into play in the sale of the house.
- It is based on the selling price and the purchase price, adjusted for improvements.
I'm not sure if that answered your question.
Feel free to contact us again with any other questions.
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