Nonpatentable secret processes

The determination of tax status and the procedures to guide one in determining the IRS thinking on a particular tax status, new rules for office-at-home deductions, other allowable deductions, and patents, nonpatentable secret processes, and copyrights are addressed briefly and generally. 

The treatment of nonpatentable secret processes is not covered by any one specific statutory code section as in the case of patents, but it is governed by all the rules generally applicable to capital transactions. While you can t confidently predict results in this area, it is possible to get capital gain treatment from the sale of a nonpatentable secret process. Such a result could very possibly be challenged by the IRS on the grounds that the transaction is a license or that the secret process is not a capital asset. 

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See also in sourсe #XX -- [ ]

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