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Barter is Booming
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Article 9: Barter and Taxes
If and when you start bartering remember:
There are no tax advantages to barter. The IRS
treats a barter transaction exactly as a cash
transaction. All barter exchanges report
transactions to the IRS and prepare a 1099-B
form for each member of the exchange. In
addition, you have the responsibility of issuing
a 1099-B form for any direct trades in which you
participate.
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