I did it in a round about way that preserved most of the formatting.
Basically in Microsoft Word do “Save As” and then save it as type
“Web Page, Filtered (*.htm; *.html)
And after that it will create a copy for you that looks the same as an htm file.
And from that copy you can paste into WordPress and it kept most formatting (with me at least it kept the line breaks and bold/italics and what not). Hope this helps some poor soul at least a little bit.
