How to generate Form 8697 in ProConnect Tax

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