Do I pay capital gain on property discharged and forclosed in chapter7 bankruptcy

My understanding is If I have a real estate mortgage included a ch7 bankruptcy (primary resident or rental property) and was fully discharged and I get a 1099a, I DO NOT need to file or do anything with the 1099a regardless of box number 5 and values in boxes 2 and 4. Is this true? I'm getting mixed answers and IRS can't help me neither!
shawnshawn
Asked Apr 13, 2010

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