990 Schedule R Part V Line 2

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Question:

I am working in Schedule R, Part V and cannot get the table for Line 2 to open up. How do I make this show up?

Answer:

The table for Schedule R, Part V, Line 2, will only be displayed for qualifying events. The first line in the instructions says Line 2 is only applicable to organizations related to transactions it engaged in with a controlled entity of the filing org.

The trigger for this is based on the response to Form 990 Part IV, Lines 35a and 35b -or- Line 36. If 35a and 35b, or 36 are answered 'Yes', Line 2 in Schedule R Part V will open.

It appears this organization is not required to complete Sch R, Part V, Line 2, based on the options selected on Part IV.

From IRS Schedule R Instructions, 2023

IRS 990 Schedule R Part V Line 2 Instructions

Circular 230 Disclosure

To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this software (including any reports or downloads) is not intended or written to be used and cannot be used for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) supporting, promoting, marketing or recommending to another party any transaction or matter addressed herein. This software is for informational purposes only and should not be regarded as tax advice. Please consult your tax advisor or attorney for guidance on your individual tax situation.

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