42.19 Amortizing Song Rights

Expenses paid or incurred with respect to musical compositions and rights to musical compositions placed in service in 2006–2010 were allowed to be amortized over five years. This would include, for example, advances made by song publishers to composers. If elected, the five-year amortization period began with the month in which the compositions or rights are placed in service. This amortization rule does not apply to compositions placed in service after 2010.