Pennsylvania K-1 (NRK-1) reports a non-resident’s share of a pass-through entity’s income, deductions, and state adjustments for Pennsylvania tax purposes. These forms often include specific Pennsylvania-sourced income, various deductions, and credits, such as those related to the state's personal income tax or local earned income tax. The varying layouts and extensive footnotes across different Pennsylvania K-1 (NRK-1) documents, often differing by preparer and software, can significantly slow down the review process for tax professionals. Abacus streamlines this by precisely extracting all relevant data points from Pennsylvania K-1 (NRK-1) 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.
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.