Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
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?
3 Answers
- mercedesLv 73 weeks agoFavorite 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.
- Anonymous3 weeks ago
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.
