Barter Transactions

NO: IT-490 DATE: July 5, 1982 SUBJECT: INCOME TAX ACT Barter Transactions REFERENCE: Section 3 (also sections 9 and 69) 1. The purpose of this bulletin is to outline the Department’s views on the income tax implications arising from bartering. 2. In its simplest form, bartering consists of trading by exchanging one commodity for another. Recently, […]