2025 Printable Template
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Form last updated: 03/2024. Please verify this is the current version before use.
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Follow these steps to complete your 8697 form online.
Step 01
Verify the contract date and accounting method.
Step 02
Calculate income allocation based on actual prices and costs from previous years.
Step 03
Assess any tax underpayments or overpayments for the relevant years.
Step 04
Determine the look-back interest owed or refunded.
Step 05
Report the calculated interest on your tax return and attach Form 8697 if required.
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