Mississippi K-1 (Form 84-132) reports a pass-through entity's share of income, deductions, and state adjustments specifically for Mississippi filing, which often includes details on ordinary business income, net rental real estate income, interest income, dividend income, and various state-specific adjustments and credits. The unique layouts and extensive footnotes across these forms, which can vary significantly by preparer and software, often lead to manual data entry errors and can substantially delay the review process for tax professionals. Abacus addresses these challenges by extracting all relevant fields from Mississippi K-1 (Form 84-132) PDFs and normalizing them into standardized Excel workbooks. This process meticulously handles federal and state add-backs, various tax credits pertinent to Mississippi law, and detailed ownership information, ensuring data accuracy and enabling a seamless and efficient import directly into tax preparation software like CCH or GoSystem.
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