Vermont K-1 reports a pass-through entity's share of income, deductions, and state adjustments for Vermont filing. These forms often contain details on ordinary income, rental income, interest, dividends, and other items relevant to Vermont tax law. The inherent variations in layout and extensive footnotes across these forms, which can vary significantly by preparer and software, often lead to a slower and more error-prone review process for tax professionals. Abacus addresses these challenges by meticulously extracting all relevant fields from Vermont K-1 PDFs and normalizing them into standardized Excel workbooks. This comprehensive process includes precise handling of federal and state add-backs, various Vermont-specific tax credits, and detailed ownership information, ensuring a clean, accurate, 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.