North Dakota K-1 (Form 58) reports a pass-through entity's share of income, deductions, and state adjustments specifically for North Dakota filing. These forms often contain details on ordinary business income (loss), net rental real estate income (loss), interest income, dividend income, and various state-specific deductions and credits. The inherent variations in layout and extensive footnotes across different North Dakota K-1 (Form 58) documents, often differing by preparer and software, can significantly slow down the manual review process for tax professionals. Abacus streamlines this by extracting all relevant fields from K-1 (Form 58) PDFs and normalizing them into standardized Excel workbooks. This includes meticulous handling of federal and state add-backs, various tax credits, and detailed ownership information, ensuring a clean and efficient import directly into tax preparation software like CCH or GoSystem.
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