Bartering income occurs when you exchange goods or services without exchanging money; or the
full amount of money. The goods or services exchanged have a dollar or fair market value,
and this value must be included on the tax return of both parties as
bartering income.
If you exchanged goods
or services through a barter exchange you'll receive a Form 1099-B from the
exchange for the bartering income that you must report on your tax return.
IRS publications about bartering income: For further information about bartering income, refer to Tax
Topic 420, Bartering Income. Also see IRS Publication 17,Your Federal
Income Tax. Please read this IMPORTANT
Editor's Note regarding navigating IRS publications with Adobe
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Reader.
IRS publications can also be ordered by calling 1-800-829-3676.
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