This article will assist you with generating Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts, in the Individual module of Lacerte.
To generate Form 8697 in the program:
- Go to Screen 85, Interest Comp./Look-Back Method (8697).
- Enter any applicable fields in the following sections:
- Interest Computation/Look-Back Method (8697)
- Completed Long-Term Contracts
- Adjustments from Flow-Through Entities
