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1099-A, no FMV

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    1099-A, no FMV

    Partnership with foreclosure on rental property late in 2010. 1099-A received with loan balance, but no FMV. Indicated as personally liable for repayment of debt. Definitely under water when foreclosed. Presumably a 1099-C will appear (for 2011?) when the property is disposed of. Without either an FMV or a 1099-C, how do I handle this for 2010?
    Evan Appelman, EA
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