4 ms·
IANAL, but there have been laws on the book prohibiting bartering in any substantial amount for a while. Of course, the IRS is not going to chase you down for s
by secstate 9y ago
IANAL, but there have been laws on the book prohibiting bartering in any substantial amount for a while. Of course, the IRS is not going to chase you down for swapping with your neighbor, but large scale "bartering" is definitely frowned upon. What's to stop people bartering a yacht for a house and avoid taxes?
- DenisM 9y agoYou can barter all you want, you just have to pay the taxes on the fair market value. https://www.legalmatch.com/law-library/article/bartering-laws.html https://www.legalmatch.com/law-library/article/bartering-law...