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Old 03-25-2017, 10:47 AM
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Form 982 Debt forgiveness

I received a 1099 for an equity loan that was discharged in bankruptcy. The amount was 56,000. I still own this home (my prime residence). The value of the home is 190,000 and the amount owed is 220,000. Do I enter 0 on line 10 of the form 982?

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