Even if it was discharged through bankruptcy, you must report the property as sold with the sale price being the amount of debt discharged.
Calculate basis in the normal fashion. There may be a taxable capital gain on the transaction.
The 1099-C for cancellation of the debt may come later and is a totally separate event and is handled differently.
1099-A is NOT cancellation of debt, but transfer of ownership. Do not confuse it with discharge of debt.
Also, the FMV shown on the 1099-A has no value in the calculations of gain or loss on the sale of the property.