What is the form used for? :
File this form with your income tax return to elect to use the last-in, first-out (LIFO) inventory method described in the Internal Revenue Code section 472.
Is the form Supported in our program? The 970 form is supported in all packages and both Desktop and Online versions.
How to access the form: While in a return, use the Add Form function to add a new 970 form to the return.
Limits to the form: This form is available to all packages and may be copied as needed.
IRS Link: https://www.irs.gov/forms-pubs/about-form-970
