ChrisCPA Posted July 17, 2007 Report Posted July 17, 2007 I have a client with PAL of 25,000 allowed on federal 1040. Does this amount need to be added back as a line 5 item of M-1PR? The 25,000 loss is allocated to a 1231 loss and ordinary loss but totals the 25,ooo. Quote
ChrisCPA Posted July 19, 2007 Author Report Posted July 19, 2007 I received my answer elsewhere......thanks to those of you who read the question. I have a client with PAL of 25,000 allowed on federal 1040. Does this amount need to be added back as a line 5 item of M-1PR? The 25,000 loss is allocated to a 1231 loss and ordinary loss but totals the 25,ooo. Quote
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