New York K-1 (IT-204-CP) reports a pass-through entity's share of income, deductions, and state adjustments for New York State tax purposes. These forms often include detailed breakdowns of various income types (e.g., ordinary business income, rental income, interest, dividends), as well as specific New York adjustments, modifications, and credits. The varying layouts and extensive footnotes across different IT-204-CP forms, which can differ based on the preparer and software used, often create significant inefficiencies and potential for error during manual data entry and review. Abacus addresses these challenges by extracting all relevant fields from IT-204-CP PDFs and normalizing them into standardized Excel workbooks. This process meticulously handles federal and state add-backs, various New York-specific tax credits, and detailed ownership information, ensuring the data is clean, accurate, and ready for seamless import directly into tax preparation software like CCH or GoSystem.