1099-A Acquisition or Abandonment of Secured Prop

[neilbrink]

Client received a 1099-A because the bank forclosed on his house. Box 2 Balance of Principal Outstanding and Box 4 Fair Market Value of property are the same. He was not personally liable. I have not had one of these for awhile. It looks like this is treated as any other sale, so I use Schedule D to record it? Or is there another form that I should use?

Thanks.