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.
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For further information regarding IRS
rules and regulations and your particular tax or IRS situation you should
consult with a Certified Public Accountant, Enrolled Agent, Attorney, or
other tax advisor.
Your Federal
Income Tax.
