Thanks for the response
I guess my confusion is that there is no "pledged" property.
So basically, I have copyrights
Let's say I spent $10 to purchase the copyright
I then spent during the year $100 dollars to create the material that makes up the copyright.
I spent another $200 on marketing and other expenses.
My at risk would be $310 (I think) .
As there is no pledge, loans, interest or other, what would make up the adjusted basis?
