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    Barter Income

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    50 word min- on the topic of "Barter Income" where one service is provided for another and there is no exchange of monetary consideration. For example, you the accountant prepares a tax return in return for your auto mechanic tuning up your car. Class, what is the simple reason for how this is treated for tax purposes and why?

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    https://brainmass.com/business/accounting/barter-income-586907

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    Barter income
    50 word min- on the topic of "Barter Income" where one service is provided for another and there is no exchange of monetary consideration. For example, you the accountant prepares a tax return in return for your auto mechanic ...

    Solution Summary

    This solution of 192 words provides a response on how a business will report bartering income on their tax return. Reference used is included.

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