Bought house in 2005 and lived in it less than 2 years(1-1/2 approx.) then rented it out for 2 years until July 2008.
Renters moved out and house was abandoned/foreclosed by the bank.
Now I get a 1099-A with Box 2: $220,000.00; Box 4 $233,980.32.
Do I owe anything on this? Do I wait until a 1099-C is issued to me, Do I file my return without any mention of form 1099-A?

I have to file but am confused and don't know what to do? Should I just file form 4868 extension?

Sorry so many questions but thought I'd throw them at once...
Thanks in advance

In case of no-recourse loans, the debt cancellation is not treated as income. Read Your U.S. Tax Return: Foreclosure or Repossession of Main Home (http://taxipay.blogspot.com/2008/08/foreclosure-or-repossession-of-main.html)