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Correction to 2012 and 2013 Instructions for Schedule R (Form 990), Related Organizations and Unrelated Partnerships -- 08-APR-2014

On page 3, in column 1, under Example 7, there was an error made in the total ownership.
The correct total ownership is 70%. The last sentence of the example should start with,

"Thus, T constructively owns 20% of V through U (50% of U's 40% ownership of V), giving
T a total ownership interest of 70% in V, ..."

The 2012 Instructions and 2013 Instructions for Schedule R (Form 990) are not being changed at this time.

Page Last Reviewed or Updated: 10-Apr-2014