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Newsgroups: misc.taxes
Date: Fri, 16 May 2008 08:04:51 -0700 (PDT)
Local: Fri, May 16 2008 11:04 am
Subject: Re: Is Barter Taxable?
On May 16, 9:40 am, nat <esen...@tx.rr.com> wrote:
> parl...@nospam.nospam wrote: nat, can you please further explain why I would have no income in this > > If a friend of mine who is a professional carpenter does some work for > > me around my house, do I have to pay taxes on this if I bought him > > pizza "in exchange” for his services? > On the assumption that you are asking about income taxes, you wouldn't situation and why the carpenter would. If some of the repairs on my house involved purchasing $500 worth of material, would I not have received a monetary benefit? All the carpetner got from me was a couple slices of pizza. Are you saying that he is legally obligated to report his benefit as income while I am not? Thanks, Ryan You must Sign in before you can post messages.
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