You're stuck with NTFS for the windows install so linux will have access.
For the linux side:
- An ext2 or ext3 system for the linux install will let you set up windows to read/write through a few third-party drivers of varying quality.
- If you want to give windows read-only access to linux an ext4 partition is supported for reads with the same drivers as above for now.
- If you want to cut windows off from the linux install go with btrfs or xfs or resierfs or the like.




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