itonewbie
Level 15
05-01-2020
04:23 PM
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If the current year return is MFS, you will enter the ownership percentage and the numbers will flow correctly for each return and each will have his and her own PAL carryover.
If the current year return is MFJ and there is suspended PAL to be carried over, allocation of the PAL on the MFS returns next year should trace back to the ownership of the rental property.
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Still an AllStar
Still an AllStar