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1. A copyright is an intangible property right that protects an original artistic or literary work.

True False

2. A copyright gives its owner the exclusive right to reproduce, copy, distribute or perform the copyrighted work.

True False

3. 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

4. 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

5. 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

6. 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

7. 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

8. A copyright must be valued for tax deduction purposes by an appraiser.

True False

9. To transfer a copyright to charity, a copyright owner should sign a written document giving his or her entire interest to charity.

True False

10. Gifts of copyrights to charity are deductible up to 50% of a donor's adjusted gross income.

True False

Basic Quiz - 4.9.2 Copyrights