Saturday, May 4, 2024
Specific Property Gifts

4.9.2 Basic Quiz -- Copyrights
A copyright is an intangible property right that protects an original artistic or literary work.
     True      False
A copyright gives its owner the exclusive right to reproduce, copy, distribute or perform the copyrighted work.
     True      False
A copyright owner who is also the author of the copyrighted material may give his or her copyright to charity and receive a tax deduction for the gift.
     True      False
A copyright owner who is not the author of the copyrighted material may give his or her copyright to charity and receive a tax deduction for the gift.
     True      False
A donor may give his or her copyright to charity and get a tax deduction but keep the right to receive royalties from the copyright.
     True      False
A donor who owns both an original literary work and the copyright pertaining to that work may make a deductible gift of the copyright to charity but keep the original literary work.
     True      False
Anyone who donates his or her entire interest in a copyright to charity may deduct the full fair market value of that copyright.
     True      False
A copyright must be valued for tax deduction purposes by an appraiser.
     True      False
To transfer a copyright to charity, a copyright owner should sign a written document giving his or her entire interest to charity.
     True      False
Gifts of copyrights to charity are deductible up to 50% of a donor's adjusted gross income.
     True      False



© Copyright 1999-2024 Crescendo Interactive, Inc.