New Jersey K-1 (NJ-1041) reports a trust's or estate's share of income, deductions, and state adjustments for New Jersey tax purposes, which can include various income items like interest, dividends, business income, and capital gains, as well as specific state-level deductions and credits. The unique layouts and frequently extensive footnotes across these forms, which can vary significantly depending on the preparer and software used, often create inefficiencies and slow down the review process for tax professionals. Abacus addresses these challenges by precisely extracting all relevant fields from New Jersey K-1 (NJ-1041) PDFs and normalizing them into standardized Excel workbooks. This process includes meticulous handling of both federal and state add-backs and adjustments, various tax credits applicable to New Jersey, and detailed ownership information, ensuring a clean, accurate, and efficient import directly into leading tax preparation software such as CCH or GoSystem.