1225 Form 8697 (PDF)

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f8697.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

---

Form

(Rev. December 2025)

Department of the Treasury Internal Revenue Service

Go to www.irs.gov/Form8697 for instructions and the latest information.

OMB No. 1545-0074

Attachment Sequence No. 697

For the filing year beginning , and ending . See instructions.

C If you were an owner of an interest in a pass-through entity (such as a partnership or an S corporation) that holds one or more long-term contracts to which this interest computation relates, enter the name and employer identification number of the entity. Attach a schedule if there is more than one such entity.

Form 8697 (Rev. 12-2025) Page 2 Part II Simplified Marginal Impact Method (SMIM) (see instructions)

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
4

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
6





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|(a)
Year ended
mo.
yr.|(b)
Year ended
mo.
yr.|(c)
Year ended
mo.
yr.|(c)**
Year ended
mo.
yr.|

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||

|Date of each prior year to which interest
computation relates
(a)
Year ended
mo.
yr.
(b)
Year ended
mo.
yr.
(c)
Year ended
mo.
yr.
1








Adjustment to regular taxable income to reflect the
difference between: (a) the amount of such income
required to be allocated for post-February 1986 contracts
completed or adjusted during the tax year based onactual
contract price and costs, and (b) the amount of such
income reported for such contracts based onestimated
contract price and costs. See instructions and attach a
schedule listing each separate contract, unless you were
an owner of an interest in a pass-through entity reporting
this amount from Schedule K-1 or a similar statement
.
2

Regular tax increase or decrease for prior years. Multiply
line 1 in each column by the applicable regular tax rate
(see instructions) .
.
.
.
.
.
.
.
.
.
.
.
3








Adjustment to alternative minimum taxable income (AMTI)
to reflect the difference between: (a) AMTI required to be
allocated for post-February 1986 contracts completed or
adjusted during the tax year based onactual contract
price and costs, and (b) AMTI reported for such contracts
based onestimated contract price and costs. See
instructions and attach a schedule listing each separate
contract, unless you were an owner of an interest in a
pass-through entity reporting this amount from Schedule
K-1 or a similar statement
.
.
.
.
.
.
.
.
.
**4 **

Alternative minimum tax (AMT) increase or decrease for
prior years. Multiply line 3 in each column by the
applicable AMT rate (see instructions) .
.
.
.
.
.
5
Enter thelarger of line 2 or line 4. See instructions if either
amount is negative
.
.
.
.
.
.
.
.
.
.
.
Pass-through entities:Skip line 6 and enter on line 7 the
amount from line 5.
**6 **





Overpayment ceiling. For each column in which line 5 is a
negative number, enter your total tax liability for the prior year,
as adjusted for past applications of the look-back method
and after net operating loss, capital loss, net section 1256
contracts loss, and credit carryovers and carrybacks to that
year. For each column in which line 5 is a positive number,
leave line 6 blank and enter on line 7 the amount from line 5
**7


Increase or decrease in tax for the prior years on which
interest is due (or is to be refunded). Enter the smaller of
line 5 or line 6. Treat both numbers as positive when making
this comparison, but enter the amount as a negative number
8
Interest due on increase, if any, shown on line 7 (see
instructions)
.
.
.
.
.
.
.
.
.
.
.
.
.
9
Interest to be refunded on decrease, if any, shown on
line 7 (see instructions)
.
.
.
.
.
.
.
.
.
.
10 aNetinterest to be refunded to you. If line 9, column (d), is greater than line 8, column (d), enter the excess. File
Form 8697 separately. Do not attach it to your tax return (see instructions) .
.
.
.
.
.
.
.
.
.
.
.
.
b ** Routing number
cType:
Checking
Savings
d Account number
11
Netinterest you owe. If line 8, column (d), exceeds line 9, column (d), enter the excess. File Form 8697 with your tax
return. See instructions for where to include this amount on your return .
.
.
.
.
.
.
.
.
.
.
.
.
.
|||||