Virginia K-1 (Form 770) reports a partner's or shareholder's share of a pass-through entity's (such as partnerships or S-corporations) income, deductions, and state adjustments specifically for Virginia tax purposes. These forms often contain details on ordinary business income, net rental real estate income, interest income, dividend income, and various state-specific adjustments and credits that can significantly impact a taxpayer's Virginia income tax liability. The inherent variations in layout and extensive footnotes across different Virginia K-1 (Form 770) documents, which can differ by preparer and software, often lead to time-consuming manual data entry and review processes for tax professionals. Abacus automates this by precisely extracting all relevant data points from Virginia K-1 (Form 770) PDFs. This extraction includes a meticulous handling of federal and state add-backs, various Virginia tax credits (e.g., land preservation tax credit, historic rehabilitation tax credit), and detailed ownership information. The extracted data is then normalized and validated for cross-schedule consistency within standardized Excel workbooks, ensuring a clean and efficient import directly into leading tax preparation software like CCH Axcess or GoSystem.