Important
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For information call now:
(347) 989-4566
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Additional information
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Internal Revenue Service
Austin Service Center
ITIN Operation
P.O. Box 149342
Austin, TX 78714-9342
IN
1-800-829-1040
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Intangible Property
Intangible property includes patents, copyrights, secret processes or formulas,
goodwill, trademarks, trade names, or other like property. The gain from the
sale of amortizable or depreciable intangible property, up to the previously
allowable amortization or depreciation deductions, is sourced in the same way as
the original deductions were sourced. This is the same as the source rule for
gain from the sale of depreciable property. See
Depreciable Property, earlier, for details on how to apply this rule.
Gain
in excess of the amortization or depreciation deductions is sourced in the
country where the property is used if the income from the sale is contingent on
the productivity, use, or disposition of that property. If the income is not
contingent on the productivity, use, or disposition of the property, the income
is sourced according to your tax home as discussed earlier. If payments for
goodwill do not depend on its productivity, use, or disposition, their source is
the country in which the goodwill was generated.
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