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IRS Regulations For Song Sales Tax Treatment

The Internal Revenue Service (IRS) has issued proposed and temporary regulations specifying the time and manner for electing to treat the sale or exchange of "self-created" musical compositions or copyrights as the sale or the exchange of a capital asset resulting in a potential capital gain.

11 minute read August 27, 2008 at 10:40 AM
By
Mark L. Silow
IRS Regulations For Song Sales Tax Treatment

The Internal Revenue Service (IRS) has issued proposed and temporary regulations specifying the time and manner for electing to treat the sale or exchange of “self-created” musical compositions or copyrights as the sale or the exchange of a capital asset resulting in a potential capital gain.

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