Alabama K-1 (Form 65) reports a pass-through entity's share of income, deductions, and state adjustments specifically for Alabama filing. This includes various income items such as ordinary business income, net rental real estate income, interest, dividends, and capital gains, as well as deductions and credits relevant to Alabama tax law. The inherent variations in layout and extensive footnotes across different Alabama K-1 (Form 65) documents, often differing by preparer and software, can significantly slow down the review process for tax professionals as they manually extract and verify data. Abacus addresses this challenge by precisely extracting all relevant fields from Alabama K-1 (Form 65) PDFs and normalizing them into standardized Excel workbooks. This comprehensive process includes meticulous handling of federal and state add-backs, various Alabama-specific tax credits, and detailed ownership information, ensuring accurate and efficient data for seamless import directly into tax preparation software like CCH or GoSystem.