First, I couldn't find an answer to this in PEP 8. That doesn't mean it isn't in there. Feel free to point me at it.
Which style do you prefer?
The first one:
if spam:
# Do stuff.
return eggs
else:
# Maybe do other stuff.
return parrots
or the second one:
if spam:
# Do stuff.
return eggs
# Maybe do other stuff.
return parrots