2 ms·
That is just a side effect about how certain exchanges work, you can still trade one good for another without using cash, and it's a taxable event because your
by novok 5y ago
That is just a side effect about how certain exchanges work, you can still trade one good for another without using cash, and it's a taxable event because your 'liquidating' property. It's known as bartering income: https://www.irs.gov/taxtopics/tc420 https://www.irs.gov/taxtopics/tc420
- dclaw 5y agoVery true, it's mainly an exchange thing. Thanks for pointing that out.