About Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts | Internal Revenue Service

About Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts

 

Use this form to figure the interest due or to be refunded under the look-back method of section 460(b)(2) on certain long-term contracts that are accounted for under either:

  • the percentage of completion method, or
  • the percentage of completion-capitalized cost method.

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Recent developments

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Page Last Reviewed or Updated: 03-Dec-2024