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Could you please check the following:
1- Are you meeting the prerequisites for sharing Capacity Reservations[1]?
2- Check if the "Enable resource sharing with AWS Organizations" option is enabled[1] by logging into the master account?
[1] - https://docs.aws.amazon.com/AWSEC2/latest/UserGuide/capacity-reservation-sharing.html#sharing-cr-prereq
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Thank you for your answer!! I thought I would never find anyone having any idea regarding this. I did have the "Enable resource sharing with AWS Organizations" option in RAM. So I know that part is checked off. So basically, I have full access permissions for EC2 and RAM, and when I create an ODCR instance and try to share via RAM, the EC2 ODCR shows this error message "Failed to associate." And when I switch over to RAM page to look at the sharing it reads the ODCR status as "Failed." I tried doing this in many of the AWS accounts (within the same Org, outside the Org to external account, etc etc) I own but all resulting in the same error.