Pennsylvania | Tax Law

10/25/06, 7:24 pm

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If a company purchases software copyrights, amortizes them for a period of time, then sells the copyrights for a profit; what tax status do the copyrights possess? & And what type of gain or loss would it be considered?

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Re: Copyright - type of asset? You may have to recognize depreciation recapture (ordinary income) on the amount you amor...

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Matthew Kelly

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