Minnesota K-1 (Form KPC) reports a pass-through entity's share of income, deductions, and state adjustments specifically for Minnesota tax purposes. These forms often detail various income items, such as ordinary business income (loss), net rental real estate income (loss), interest, dividends, and capital gains (losses), as well as specific Minnesota deductions and credits. The inherent differences in layout and extensive footnotes across different Minnesota K-1 (Form KPC) documents, often varying by preparer and software, can significantly slow down the review process for tax professionals. Abacus streamlines this by extracting all relevant fields from K-1 (Form KPC) PDFs and normalizing them into standardized Excel workbooks. This includes meticulous handling of federal and state add-backs, various Minnesota-specific tax credits, and detailed ownership information, ensuring a clean and efficient import directly into tax preparation software like CCH or GoSystem.