Taxpayer received a 1099C cancellation of debt for $43,000 in 2013. This relates to a condo they had as a rental and was sold in 2012. Taxpayer is not insolvent. Should this be shown as a reduction of basis in 2012 by amending their return and reducing the loss they took on the sale....Or any way to show it in 2013 and not be taxable? Thanks,,,Duane Anderson