IRS Barter rules - if I trade someone an apple pie for cookies do I have to pay federal income tax on the market value of the pie?
if i trade someone an apple pie for cookies do i have to pay federal income tax on the market value of the pie?
if i trade someone an apple pie for cookies do i have to pay federal income tax on the market value of the pie?
mercedes
Favorite Answer
If you barter for business purposes it's like you sold what you do and bought was the other side sells. You just didn't get money involved. There are barter exchanges where you can get credit in the system and buy stuff from other members who don't need your product.
Anonymous
Did you not bother to read the IRS information on barter that I provided you the link to?
Or did you just not understand it?
You've left out the necessary context/details that are required to answer your apple pie question correctly.
?
i would hope not