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<p>[QUOTE="-jeffB, post: 26133605, member: 27832"]I don't know much about tax law, but what I <i>do</i> know is that common sense is not applicable.</p><p><br /></p><p>I think in a barter exchange it's accounted <i>as if</i> you sold the stuff you're trading away for fair market value, and then spent that fair market value in cash.</p><p><br /></p><p>I found <a href="https://www.irs.gov/pub/irs-utl/OC-Barteringandtrading-eachtransactionistaxabletobothpartiesFINAL.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.irs.gov/pub/irs-utl/OC-Barteringandtrading-eachtransactionistaxabletobothpartiesFINAL.pdf" rel="nofollow">this IRS publication</a>, which links to the <a href="https://www.irs.gov/pub/irs-pdf/f1099b.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.irs.gov/pub/irs-pdf/f1099b.pdf" rel="nofollow">1099-B</a>-for-Brokerage-or-Barter form...[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 26133605, member: 27832"]I don't know much about tax law, but what I [I]do[/I] know is that common sense is not applicable. I think in a barter exchange it's accounted [I]as if[/I] you sold the stuff you're trading away for fair market value, and then spent that fair market value in cash. I found [URL='https://www.irs.gov/pub/irs-utl/OC-Barteringandtrading-eachtransactionistaxabletobothpartiesFINAL.pdf']this IRS publication[/URL], which links to the [URL='https://www.irs.gov/pub/irs-pdf/f1099b.pdf']1099-B[/URL]-for-Brokerage-or-Barter form...[/QUOTE]
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