OH SAY CAN YOU SEEEE

Reminder: bartering is taxable
It's Not Taxable,
INO ахаоте, We 1$
Swapped!
3 Robert Wood tribut
This article is more than 10 years old.
Some people think they can escape taxes arguing they received a
gift. Another classic in the panoply of not taxable" claims? The
"nontaxable" trade. Hey, how can I be taxed if I just traded my
laptop for an electric guitar?
Easy, the IRS says so. Income is usually created on both sides of the
deal. The IRS starts with a down-home definition. Bartering is
trading one product or service for another, whether informally and
one-on-one or with multiple parties in a commercial setting. It has a
storied, even ancient tradition.
Some of you seem to believe that if you barter and no
cash changes hands, you don't have to pay taxes. You're
wrong. You still need to pay taxes on the transaction, even
if you have no money. No matter what you you owe the
government a slice. If you can't pay, then you better
liquidate your assets to pay.
hitps://www.forbes.com/sites/robert
wood/2011/07/25/its-not-taxable-we-just-swapped