I read that an applicant's financial situation immediately before he/she receives a 1099-C or 1999-C(s)indicates what to include as a liability or asset on a IRS insolvency form 982. So do I include the amount of the 1099-(C) in the liabilities section of Form 982? I know it's considered "forgiven debt" but I did read on an IRS site that one's situation the day before he/she receives a 1999(C) is what one goes by.