Hawaii K-1 (Form N-40) reports a beneficiary's share of income, deductions, and state adjustments from a trust or estate specifically for Hawaii income tax purposes. These forms often detail various types of income, such as interest, dividends, capital gains, and rental income, along with corresponding deductions and credits applicable under Hawaii tax law. The inherent variations in layout and extensive footnotes across different Hawaii K-1 (Form N-40) documents, which can differ significantly by preparer and software used, can create substantial delays and increase the risk of errors during manual review by tax professionals. Abacus addresses these challenges by employing advanced extraction techniques to pull all relevant data fields from Hawaii K-1 (Form N-40) PDFs. This extracted data is then normalized into standardized Excel workbooks, ensuring consistency and ease of use. The process meticulously handles Hawaii-specific federal and state add-backs, various tax credits unique to the state, and granular ownership details, ultimately providing a clean and efficient import ready for tax preparation software like CCH or GoSystem.