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Originally posted by jpv
in the past I have listed non-exclusive content as 'licenses' on my taxes. what should I list exclusive content as? I am thinking to describe it as some kind of service. what do you use to describe exclusive content on your tax form?
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I think the IRS is referring to licenses governing you as an individual or business entity and not your rights to use digital or material inventory. I could be wrong. I put both under "other expenses" and detail what it's for...