Kentucky K-1 (PTE) reports a pass-through entity's share of income, deductions, and state adjustments specifically for Kentucky tax purposes. These forms often contain details on various income types (such as ordinary business income, net rental real estate income, interest, and dividends), as well as deductions and credits relevant to Kentucky's tax laws, including potential adjustments related to the state's income tax and any specific credits or recapture items. The inherent variations in layout and extensive footnotes across different Kentucky K-1 (PTE) documents, often differing by preparer and software, can significantly slow down the review process for tax professionals. Abacus addresses this challenge by extracting all relevant fields from Kentucky K-1 (PTE) PDFs and normalizing them into standardized Excel workbooks. This process includes meticulous handling of federal and state add-backs, various Kentucky-specific tax credits, and detailed ownership information, ensuring a clean and efficient import directly into tax preparation software like CCH or GoSystem.