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How to generate Form 8697 in ProConnect Tax

by ProConnect Tax Online Updated 7 months ago

This article will assist you with generating Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts, in the Individual return.

To generate Form 8697 in the program:

  1. Go to Input Return Miscellaneous Forms Int. Comp/ Look-Back Method (8697.)
  2. Enter any applicable fields in the following sections:
    • Interest Computation/Look-Back Method (8697)
    • Completed Long-Term Contracts
    • Adjustments from Flow-Through Entities
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