Error message 439: T2017_6695_GREATER_THAN_6685

You’ll see the following error message in H&R Block’s 2016 tax software if, while completing the T2017 page, you entered an amount of reserve for your most recent disposition of qualified small business corporation shares (QSBCS) that’s more than the combined amount of dispositions of QSBCS transferred to your child after March 18, 2007, and all other dispositions of QSBCS after 2012:

On the T2017 page, the amount of reserve for your most recent disposition of qualified small business corporation shares (QSBCS) can’t be more than the amount of 2016 reserve for dispositions of QSBCS to your child after March 18, 2007 and all other dispositions of QSBCS after 2012. Let’s take a moment to go back and correct that. [error code: 439]

 

How do I fix this?

To correct this error, return to the T2017 page in H&R Block’s tax software and double-check the amounts you’ve entered related to the disposition of qualified small business corporation shares (QSBCS). Remember, the amount of reserve for your most recent disposition of QSBCS can’t be more than the combined amounts entered in the following fields:

  • Amount of 2015 reserve for dispositions of QSBCS to your child after March 18, 2007, and all other dispositions of QSBCS after 2011 (enter the amount from line 6685 on your 2015 T2017 form) and

  • Amount 2016 of reserve for dispositions of QSBCS to your child after March 18, 2007, and all other dispositions of QSBCS after 2012

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