Maybe. Box 2 is for unpaid principal. Box 4 is the Fair Market Value. Box 5 checked means you were responsible for the debt.
The 1099-A can be for abandonment of your main home. You do not file until you get the 1099-C to include in your income.
If this was business property or other canceled debt, it would be taxable income to you.
To check what is right for you, see Topic No. 431 Canceled Debt – Is It Taxable or Not?
Reference: Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments (for Individuals).
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