Report your intellectual property and income from intellectual property in Part 2.

For You

Part 2

Report intellectual property if the value of the intellectual property was more than $1,000 at the end of the reporting period or if you received more than $200 in income during the reporting period.

Description:  Describe the intellectual property.  For a book, provide the name of the book and identify the publisher.  For a patent, provide the patent number and a very brief description of the patent.  For other types of intellectual property, provide a similarly specific description that is sufficient for the reader to understand the nature of your property.

EIF:  Select “N/A.”

Value:  Report the value of the intellectual property by selecting the appropriate category.  If you cannot ascertain the value, leave this field blank but write “value not readily ascertainable” in the “Description” field.

Income Type:  Specify the type(s) of income if the total amount of income during the reporting period exceeded $200 (e.g., select “rent or royalties” or write “advance”).

Income Amount:  The level of detail required for income depends on the amount and the type(s) of income.

(1) Income less than $201:  Select the category for “None (or less than $201).”

(2) Dividends, capital gains, interest, rent, or royalties:  Select the category that corresponds to the total amount of income received during the reporting period.

(3) Other income:  Provide the exact amount of income received during the reporting period.

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