I have a home that my daughter was renting that I had to let got through foreclosure this fall. I have received a form 1099-A on the property that lists the outstanding balance as $10,775.24 and the fair market value of the property as $11,410.80.

I have not received a form 1099-C for cancellation of debt.

I do not know how to report this on my taxes. If I use the worksheet in the IRS form, it looks like my gain or loss comes to $0. Is that right?

I am using TAXACT.com and want to finish this up. How do I report the info from this 1099-A?