Arizona K-1 (Form 141 NR) reports a non-resident individual's or entity's share of income, deductions, and state adjustments specifically for Arizona income tax purposes. These forms often detail various types of income, such as ordinary business income, net rental real estate income, interest income, dividend income, and capital gains or losses, along with applicable deductions and credits relevant to Arizona tax law. The inherent differences in layout and extensive footnotes across various Arizona K-1 (Form 141 NR) documents, which can vary significantly depending on the preparer and software used, often create inefficiencies and slow down the review process for tax professionals. Abacus addresses these challenges by extracting all relevant fields from K-1 (Form 141 NR) PDFs and normalizing them into standardized Excel workbooks. This process includes meticulous handling of federal and state add-backs, various tax credits (e.g., carryforward credits, property tax credits), and comprehensive ownership detail, ensuring a clean and efficient import directly into tax preparation software like CCH or GoSystem.
Trusted by the top 50 leading U.S. accounting firms, family offices, and wealth managers.
Enterprise-ready.
SOC2 Compliant.
Enterprise-grade security, certified for sensitive and regulated data. View our policies here.
More than 10,000 documents securely extracted with Abacus.