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RE: How To Save Money on Taxes and Benefits of a Sharing Economy (Part 1)

in #homesteading7 years ago

Good info. Many people in the U.S. barter but the govt says they have to declare it as income. Not sure if this would fall under that category but avoiding specifics and not putting it in writing would make it a lot tougher for the govt to try to prove it ever happened. Not that I'm suggesting people don't pay their taxes.

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Fair points. Thank you for sharing. I actually didn't know that barter had to be included in taxes!! Best to just consider it a gift exchange, then it's tax free :)

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