>Both parties must report as income the value of the goods and services received in the exchange. [0] My understanding of it is the good/service you receive is

>Both parties must report as income the value of the goods and services received in the exchange. [0] My understanding of it is the good/service you receive is considered income at the fair market value, regardless of what you traded for it. I suppose if you gave a good/service away to "purchase" something as a business expense, you could deduct the value of your good/service on your taxes. But IANACPA 0. https://www.irs.gov/newsroom/four-things-you-should-know-if-you-barter https://www.irs.gov/newsroom/four-things-you-should-know-if-...