Re: Barter income
Posted: Tue Jun 08, 2010 8:38 pm
But some items on FreeCycle certainly do have substantial value (via eBay) that the current owner is uninterested in pursuing. Hence income to the receipent, and a taxable event...Arthur Rubin wrote:I hadn't considered that. Perhaps we'll just need to fall back to there being no "secondary market" for most of the objects, making it impossible to assign a value. Although $0 is clearly inappropriate, perhaps regulations could still assign $0.