Taxpayer has a 1099-A with box 5 marked yes (personally responsible) and balance of principal is over $200,000 more that FMV. When I input the 1099-A info into tax program, system is creating form 982. I thought the 982 should come into play when the debt was forgiven (1099-C) issued. To date, based on 1099-A, taxpayer does not know if debt will be forgiven so why would 982 be filed? Am I correct in my thinking? Any input would be appreciated.