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To: kalee
Barter exchanges are required to file Form 1099-B for all transactions unless certain exceptions are met.

Don't make a big deal about it. Help someone build a garage and they'll help you dig a pond. Keep it between friends. A favor for a favor. Are favors illegal?

79 posted on 04/15/2009 6:43:48 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics

We had Easter dinner with a friend who is a contractor and this topic came up when we were discussing taxes. Two friends doing favors may or may not be taxable, but my husband exchanging computer work for our friend’s help in building a chicken coop could be.
I came home and looked it up because I could not believe he was right, appears he was.
Sorry about the formatting. I posted a link at the bottom of the article.


91 posted on 04/15/2009 7:01:45 AM PDT by kalee (01/20/13 The end of an error.... Obama even worse than Carter.)
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