West Virginia K-1 (Form IT-104 Appendix A) reports a pass-through entity's share of income, deductions, and state adjustments specifically for West Virginia tax purposes. These forms often include detailed breakdowns of various income items, such as ordinary business income, net rental real estate income, interest, and dividends, as well as deductions and credits relevant to West Virginia tax law. The varying layouts and extensive footnotes across different West Virginia K-1 documents, often differing by preparer and software, can significantly impede the efficiency of tax professionals during the review process. Abacus addresses this challenge by accurately extracting all pertinent fields from West Virginia K-1 PDFs and normalizing them into standardized Excel workbooks. This comprehensive process 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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