ChrisCPA Posted July 17, 2007 Report Share 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 Link to comment Share on other sites More sharing options...
ChrisCPA Posted July 19, 2007 Author Report Share 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 Link to comment Share on other sites More sharing options...
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