Error code 257

You’ll see the following error message on the ERRORS page in H&R Block’s 2016 tax software if, while completing the T2017 page, you entered an identical 2016 and 2017 reserve amount related to dispositions of qualified farm or fishing property (QFFP) that was transferred to your child between March 18, 2007 and April 21, 2015 and all other dispositions of QFFP after 2012 and before April 21, 2015:

On the T2017 page, the amount of 2017 reserve for dispositions of qualified farm or fishing property (QFFP) to your child after March 18, 2007 and before April 21, 2015 and all other dispositions of QFFP after 2012 and before April 21, 2015, can’t be more than the same amount for 2016. Let’s take a moment to go back and correct this. [error code: 257]

 

How do I fix this?

Return to the T2017 page in H&R Block’s tax software. Under the heading, Dispositions of capital property after November 12, 1981, enter the correct amounts in the following fields:

  • Amount of 2016 reserve for dispositions of QFFP to your child after March 18, 2007, and before April 21, 2015, and all other dispositions of QFFP after 2011 and before April 21, 2015 (enter the amount from line 6684 on your 2016 T2017 form) and
  • Amount of 2017 reserve for dispositions of QFFP to your child after March 18, 2007, and before April 21, 2015, and all other dispositions of QFFP after 2012 and before April 21, 2015

Remember, the reserve amounts from 2016 and 2017 can’t be the same.

Note: You can find the T2017 page under the PENSION PLANS AND INVESTMENTS icon of the PREPARE tab.

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