Illinois K-1 (Form K-1-T) reports a beneficiary's share of a trust's or estate's income, deductions, and state adjustments specifically for Illinois tax purposes. These forms often include details on various income types such as interest, dividends, capital gains, and business income, along with specific Illinois modifications and deductions. The intricate layouts and extensive footnotes across different Illinois K-1 (Form K-1-T) documents, which can vary by preparer and software, significantly hinder the manual review process for tax professionals. Abacus automates this by accurately extracting all pertinent fields from K-1 (Form K-1-T) PDFs and transforming them into standardized Excel workbooks. This comprehensive process includes precise handling of federal and state add-backs, various Illinois-specific tax credits, and detailed ownership information, ensuring a seamless and efficient import directly into leading tax preparation software like CCH or GoSystem.