Client received 1099A from mortgage company. Her estranged husband was living in the house (while she was out of state for a few months) and abandoned it without her knowing. When she came back, house was then foreclosed on because husband didn't make the payments. The balance of outstanding principal was $53003.34 and the FMV of property was $ 28000. Client was liable for repayment of debt. The house is now on the market but has not been sold. What, if anything, do I do with this 1099A. Thanks for your help in advance!
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