This past year I had a foreclosure on my primary residents. I have not claimed bankruptcy. I received a 1099-A from my bank, and they are telling me that I probably will not receive a 1099-C from this. The amount owed to lender is about 10k more than the fair market value. I know that there is a new billl that would help me from the loss, but I am not sure how to file this.

Please Help?? :confused:

I am in the same boat, and I was told by Atlanta Tax Expert that I would need to file a form 982, and this cannot be e-filed etc... you have to mail it in, and yes there is a new law that protests you from the loss. Sorry I am still learning too!:)